Arista Networks Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance And More
Portfolio Pulse from Adam Eckert
Arista Networks Inc (NYSE:ANET) reported strong Q2 financial results, beating revenue and EPS estimates. The company posted Q2 revenue of $1.69 billion and EPS of $2.10, both surpassing expectations. Total revenues increased by 15.9% year-over-year and 7.6% quarter-over-quarter. Arista provided strong Q3 guidance, projecting revenue between $1.72 billion and $1.75 billion, above estimates. Shares rose 3.40% in after-hours trading.
July 30, 2024 | 8:47 pm
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Arista Networks reported Q2 revenue of $1.69 billion and EPS of $2.10, both beating estimates. The company also provided strong Q3 guidance, projecting revenue between $1.72 billion and $1.75 billion, above estimates. Shares rose 3.40% in after-hours trading.
Arista Networks' strong Q2 performance and positive Q3 guidance indicate robust growth and profitability, leading to a positive market reaction with shares rising 3.40% in after-hours trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100