Arista Networks, Inc. is set to announce its latest quarterly earnings on Monday, May 4th, with a consensus estimate of $0.81 EPS.
Today, Arista Networks, Inc. (ANET) is trading at $163.19, down by $9.29 (-5.38%) from the previous close of $172.47. The trading volume is at $2.72 million, reflecting a 35.62% increase compared to the average.
In the most recent earnings report on Wednesday, February 11th, Arista Networks reported an EPS of 75 cents, surpassing the consensus estimate of 0.75. The company's net income stood at $955.8 million.
ANET's free cash flow is at $1.22 billion, with common stock repurchased at $-620.1 million. The net change in cash for the period is -$362.7 million.
For the latest period, Arista Networks generated a revenue of $2.49 billion, resulting in a net income of $955.8 million. The EPS and diluted EPS were 76 cents and 75 cents, respectively.
Key ratios include a net profit margin of 38.42%, return on assets of 4.91%, and a price-to-earnings ratio of 43.11.
Arista Networks shows total assets of $19.45 billion, cash and cash equivalents of $1.96 billion, and total liabilities of $7 billion.
This report provides a snapshot of Arista Networks' financial performance, highlighting key metrics and trends in the current trading session.
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.