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Arista Networks: 4Q Earnings Snapshot

February 14, 2019

SANTA CLARA, Calif. (AP) _ Arista Networks Inc. (ANET) on Thursday reported fourth-quarter earnings of $170.3 million.

The Santa Clara, California-based company said it had profit of $2.10 per share. Earnings, adjusted for one-time gains and costs, were $2.25 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.

The cloud networking company posted revenue of $595.7 million in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $589.1 million.

For the year, the company reported profit of $328.1 million, or $4.06 per share. Revenue was reported as $2.15 billion.

For the current quarter ending in April, Arista Networks said it expects revenue in the range of $588 million to $598 million.

Arista Networks shares have climbed 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $240.81, a fall of 20 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANET at https://www.zacks.com/ap/ANET

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