Arista Networks Surpasses Q4 Earnings and Revenue Expectations

The cloud networking company's fourth-quarter performance exceeded Wall Street forecasts, with a significant rise in earnings per share and revenue.

Arista Networks reported a fourth-quarter profit of $613.6 million, with earnings of $2.08 per share, beating the average analyst estimate of $1.71 per share.
Revenue for the quarter was $1.54 billion, surpassing expectations and marking a 21% increase from the previous year.
The company's stock has seen a substantial growth, climbing 19% since the beginning of the year and more than doubling in the last 12 months.
Arista's guidance for the current quarter ending in March anticipates revenue in the range of $1.52 billion to $1.56 billion, slightly above Wall Street estimates.
Analysts predict a slowdown in revenue growth for Arista in 2024 but remain optimistic about potential gains from investments in artificial intelligence infrastructure.