Arista Networks’ stock jumps 9% on results, revenue guidance
Arista Networks Inc.’s ANET stock popped more than 11% in extended trading Monday after the company posted quarterly results and revenue guidance that topped analyst revenue and earnings estimates. Arista reported fiscal second-quarter net income of $491.9 million, or $1.55 a share, compared with net income of $299.1 million, or 94 cents a share, in the year-ago quarter. Adjusted earnings were $1.58 a share. Revenue improved to $1.46 billion from $1.05 billion a year ago.
’s ANET stock popped more than 11% in extended trading Monday after the company posted quarterly results and revenue guidance that topped analyst revenue and earnings estimates. Arista reported fiscal second-quarter net income of $491.9 million, or $1.55 a share, compared with net income of $299.1 million, or 94 cents a share, in the year-ago quarter. Adjusted earnings were $1.58 a share. Revenue improved to $1.46 billion from $1.05 billion a year ago.
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