187.44 -5.74 (-2.97%)
Pre-Market: 5:41AM EST
|Bid||133.61 x 900|
|Ask||0.00 x 900|
|Day's Range||193.05 - 203.47|
|52 Week Range||173.31 - 331.27|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||18.18|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||216.82|
While CenturyLink (CTL) matches fourth-quarter 2019 earnings estimates, Arista (ANET) surpasses the same despite lower revenues year over year.
STOCKSTOWATCHTODAY BLOG Shaky Sales. The three major U.S. stock market indexes were mixed after U.S. retail-sales data showed a sluggish start to the shopping year. The Dow Jones Industrial Average lost 40 points, or 0.
Arista Networks (ANET) delivered earnings and revenue surprises of 9.57% and 0.35%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
The company posted revenue of $552.5 million, down 7.2% from a year earlier, but slightly above the Street consensus at $551 million. Profit was $2.29 a share.
Arista Networks Inc. shares were down 3% in after-hours trading Thursday after the cloud-networking provider reported fourth-quarter revenue that dropped from a year ago. Arista reported net income of $260.7 million, or $3.25 a share, in the quarter, compared with net income of $170.3 million, or $2.10 a share, in the year-ago fourth quarter. Revenue declined 16% to $552.5 million from $595.7 million a year ago. Analysts surveyed by FactSet had expected earnings of $1.89 a share on sales of $551 million. Arista shares are down 1.2% over the last 12 months. The S&P 500 index has gained 22.9% the last year.
Arista (ANET) is likely to have witnessed significant volatility in demand from its cloud business in the fourth quarter, largely driven by a sudden shift in procurement strategy from a key cloud titan.
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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.
Solid earnings results of the telecom sector are likely to sow the seeds for future investments in network and 5G-enabled devices for superior 5G readiness.
Secular and pricing pressures resulting in decline in legacy wireline services are likely to have hurt Verizon's (VZ) fourth-quarter 2019 earnings.
Development of scalable, low cost and highly powerful 5G network is likely to have translated into incremental revenues for the Consumer segment, driving Verizon's (VZ) fourth-quarter 2019 earnings.
Increased 5G mobility services, technology collaborations and expansion of fiber optics network are likely to have driven Verizon's (VZ) fourth-quarter 2019 earnings.
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