Arista Networks (ANET) Beats On Q1 Earnings, Revenues Up Y/Y
Zacks Investment Research | May 07, 2018 11:15PM ET
Arista Networks Inc. (NYSE:ANET) delivered first-quarter 2018 non-GAAP earnings of $1.66 per share, comfortably surpassing the Zacks Consensus Estimate of $1.52 per share. The figure also soared 78.5% on a year-over-year basis.
Revenues of $472.5 million surged 40.8% from the year-ago quarter and outpaced the Zacks Consensus Estimate of $461 million. Further, the figure came ahead of management’s guidance of $450-$468 million.
Product revenues (86.3% of total revenues) surged 39.9% to $407.6 million. Service revenues (13.7% of total revenues) rose 47.1% to $64.9 million.
Arista is benefiting from strong demand of the ‘Cloud Titans’ vertical which was also the top revenue contributor for the first quarter followed by ‘Enterprises’, ‘Service providers and Cloud specialized providers’ and ‘Financials’ in the second, third and fourth positions, respectively. Its existing products Flexroute and CloudVision have aided revenue growth in the first quarter.
Arista Networks, Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.