Arista Networks Inc Stock Price, News & Analysis

Arista Networks (NYSE:ANET) will announce its Q3 2021 financial results on November 1, 2021, after U.S. market close. A conference call will follow at 1:15 PM PT to discuss the results and highlight business developments. The company will also host its Analyst Day the same day at 3:00 PM PT, featuring presentations from executives on Arista's vision and strategy. In addition, Arista plans to participate in various investor events throughout November and December, showcasing its commitment to engage with the financial community.

Arista Networks (NYSE: ANET) has been chosen to develop a cutting-edge cognitive campus network for the Australian Securities Exchange (ASX). This project will enhance networking connectivity for ASX employees across major facilities in Sydney, Melbourne, and Perth. Utilizing the Arista 720XP switching platform, the new network builds on a multi-year relationship between ASX and Arista, who previously provided low latency solutions for high-frequency trading and network management systems like CloudVision.

Arista Networks (NYSE:ANET) has expanded its cloud-grade routing solutions aimed at enhancing next-generation networks amidst the multi-cloud era. The new features support virtual private networking and traffic engineering, optimizing edge use cases, including multi-cloud, metro, and 5G RAN. With significant innovations through its EOS software, Arista aims to transform legacy router setups into scalable architectures, increasing operational efficiency. The latest releases focus on high-performance connectivity with 100G and 400G capabilities, catering to growing bandwidth demands.

Arista Networks (NYSE: ANET) reported strong Q2 2021 results, with revenue hitting $707.3 million, marking a 30.8% increase year-over-year and a 6.0% rise from Q1. GAAP net income reached $196.9 million ($2.47 per share), up significantly from $144.8 million ($1.83 per share) in Q2 2020. Non-GAAP net income also increased to $216.8 million ($2.72 per share). The company launched innovative products, including a sub-100ns latency switch, underscoring its growth in cloud networking solutions. Outlook for Q3 anticipates revenue of $725 million to $745 million.

Arista Networks (NYSE:ANET) is set to release its financial results for Q2 2021 after market close on August 2, 2021. The report will be accessible on their Investor Relations website. A conference call will follow at 1:30 p.m. PT, discussing the results and key business highlights. Participation in upcoming investor events is also planned, including Keybanc’s Technology Leadership Forum on August 11 and the Citi 2021 Global Technology Conference on September 14. For more details, visit Arista’s Investor Relations page.

Arista Networks (NYSE:ANET) unveiled its SwitchApp for the Arista 7130, featuring ultra-low latency of under 100ns, leveraging advanced FPGA technology. This solution enhances financial services by providing agility and performance for network responses to market changes. Clients, like ASX, benefit from unified network management and improved customer outcomes. The SwitchApp democratizes ultra-low latency switching capabilities, allowing broader market access. Availability is set for Q2 2021, with testing currently underway.

Arista Networks (ANET) reported first-quarter financial results ending March 31, 2021, with revenues of $667.6 million, marking a 27.6% year-over-year increase. GAAP net income reached $180.4 million or $2.27 per diluted share, up from $138.4 million and $1.73 a year prior. Non-GAAP metrics also improved, with net income at $198.8 million or $2.50 per share. Despite robust growth, gross margins slightly declined from the previous year. The company anticipates second-quarter revenue between $675 million to $695 million and a non-GAAP gross margin of 63% to 65%.

Arista Networks (NYSE:ANET) announced the launch of CloudVision® 2021, enhancing its software-driven solutions for enterprises. This new platform provides automation capabilities aimed at improving network agility and operational efficiency. It includes features like CloudVision Studios for simplified network configuration, cognitive telemetry for enhanced observability, and a Quality of Experience dashboard supporting key enterprise applications. Currently in customer trials, the new features are expected to be available in Q2 2021.

Arista Networks (NYSE:ANET) will announce its financial results for Q1 2021 on May 4, 2021, after U.S. markets close. The results will be shared via a press release available on their Investor Relations website. Following this, a conference call will be hosted by the executive management team at 1:30 p.m. PT to discuss the results. Additionally, Arista will participate in various upcoming investor events throughout May and June.