|Bid||249.88 x 800|
|Ask||278.00 x 800|
|Day's Range||263.68 - 272.72|
|52 Week Range||187.08 - 313.37|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||66.46|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||294.77|
Despite a deeper-than-normal decline, Arista Networks stock is rising sharply and forming a new base. The company beat earnings expectations.
Arista Networks Inc is a supplier of cloud networking solutions that use software innovations to address the needs of large-scale Internet companies, cloud service providers, and next-generation data centers for enterprise support. Arista Networks Inc had annual average EBITDA growth of 49.20% over the past five years. Warning! GuruFocus has detected 1 Warning Sign with ANET.
Arista Networks' earnings beat may ease worries that tech giants have slowed spending on cloud computing data centers. Big orders from Microsoft for networking gear boosted Arista earnings.
The Dow Jones Industrial Average rallied Friday to extend its weekly win streak for an eighth week, thanks to big gains from Goldman Sachs and JPMorgan.
Arista Networks (NYSE:ANET) reported its quarterly earnings results and the company brought in an adjusted profit that handily beat Wall Street's guidance, helping ANET stock to soar close to 10% ahead of the weekend.The Santa Clara, Ca.-based computer networking company said that for its fourth quarter of its fiscal 2018, it brought in net income of $170.3 million, or $2.10 per share. The figure marked a 64% increase compared to its profit from the year-ago quarter of $103.8 million, or $1.29 per share.On an adjusted basis when considering one-time items, Arista said it amassed earnings of $182.2 million, or $2.25 per share. This figure was also higher than the year-ago quarter of $173.3 million, or $1.71 per share, tallying up to an increase of more than 5.1%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts were calling for the computer networking services provider to bring in adjusted earnings of $2.06 per share, according to a survey of analysts conducted by FactSet. Arista added that its sales for its fourth quarter gained 27% compared to the year-ago quarter to $596 million.The Wall Street consensus estimate was calling for the company to bring in revenue of $591 million, according to data compiled by FactSet. For its first quarter of fiscal 2019, the company is projecting revenue between $588 million and $598 million, while analysts forecast revenue of $588 million, per FactSet.ANET stock is up about 9.4% on Friday following the networking company's strong quarterly performance to close out its fiscal 2018. More From InvestorPlace * 10 Hot Stocks Leading the Market's Blitz Higher * 9 U.S. Stocks That Are Coming to Life Again * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Compare Brokers The post Arista Networks Earnings: ANET Stock Shoots Higher on Q4 Topper appeared first on InvestorPlace.
Robust order trends from customers, particularly in the cloud titan vertical, resulting in top-line growth drive Arista (ANET) fourth-quarter earnings.
Stock futures rise on China trade talks. Arista Networks and Nvidia jumped on earnings. Warren Buffett disclosed he sold Apple stock in Q4. IBD 50 stock SS&C signaled a possible breakout on earnings.
The typical Facebook employee makes double what the typical household in Silicon Valley makes — even as the region's household earnings rose to an all-time high last year.
Arista Networks (ANET) delivered earnings and revenue surprises of 10.29% and 1.12%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Arista Networks earnings and revenue for the fourth quarter, reported late Thursday, topped analyst estimates. Shares in the company climbed during after-hours trading on the news.
Arista Networks Inc. shares rose 5% in the extended session Thursday after the cloud-computing company beat fourth-quarter expectations and provided an upbeat guidance for first-quarter sales. Arista said it earned $170.3 million, or $2.10 a share, in the quarter, compared with $103.8 million, or $1.29 a share, in the fourth quarter of 2017. Adjusted for one-time items, Arista earned $182.2 million, or $2.25 a share, compared with $137.3 million, or $1.71 a share, a year ago. Revenue rose 27% to $596 million. Analysts polled by FactSet expected adjusted earnings of $2.06 a share on sales of $591 million. The company guided for revenue between $588 million and $598 million for the first quarter. The analysts surveyed by FactSet expect first-quarter revenue of $588 million. Shares of Arista ended the regular trading day up 1.9%.
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 ...
On Thursday, Feb. 14, Arista Networks (NYSE: ANET ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue Sell-side ...
For the fourth quarter, Arista Networks (ANET) is likely to report higher consolidated revenues on a year-over-year basis driven by healthy growth dynamics.
After falling with the rest of the tech sector last year, the cloud networking-solutions provider may be ready to bounce back.
Arista Networks Inc NYSE:ANETView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for ANET with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding ANET totaled $17.52 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Arista Networks (ANET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.