Arista beats on earnings, but its stock pulls back
ANETArista(ANET) Market Watch·2024-02-13 06:35

Arista Networks Inc. met expectations with its revenue outlook Monday while delivering an earnings beat for the most recent quarter, but its stock was pulling back in the extended session. The networking giant projects 1.52billionto1.52 billion to 1.56 billion in revenue for the ongoing quarter, while analysts tracked by FactSet were modeling $1.53 billion on the top line. Arista ANET, -0.56% executives also foresee a 62% gross margin, while the consensus view implied expectations for a 63% gross margin. The stock was ...