|Bid||328.23 x 1000|
|Ask||328.88 x 3100|
|Day's Range||325.55 - 330.95|
|52 Week Range||192.96 - 330.95|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||41.12|
|Earnings Date||Aug 02, 2021 - Aug 06, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||345.00|
Amid a new IT upgrade cycle, data center and networking hardware firm Arista Networks (NYSE: ANET) is back in growth mode. While it was once known as a high-flying growth stock, this time around Arista looks more like a reasonable value, especially after its first-quarter 2021 earnings update was released on Tuesday. Revenue was nearly $668 million, a 28% year-over-year increase, and free cash flow was also up 29% to $248 million.
Shares of Arista Networks (NYSE: ANET) have popped as much as 6% today after the company reported first-quarter earnings. Revenue in the first quarter came in at $667.6 million, comfortably above the consensus estimate of $644.9 million. "Arista begins the 2021 year with a flying start," CEO Jayshree Ullal said in a statement.