Arista Networks, Inc. (NYSE:ANET) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, ANET is expected to report 2Q20 income of $ 1.95 per share from revenue of $ 529.73 million.
For the full year, analysts anticipate top line of $ 2214.75 million, while looking forward to income of $ 8.42 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 520.00 million ~ $ 540.00 million
Click Here For More Historical Outlooks Of Arista Networks, Inc.
Previous Quarter Performance
Arista Networks, Inc. recorded income for the first quarter of $ 2.02 per share, from the revenue of $ 523.03 million. The quarterly earnings contracted 12.55 percent while revenues decreased 12.08 percent compared with the same quarter last year.
Wall street analysts are predicting, ANET to report 1Q20 income of $ 1.81 per share from revenue of $ 517.86 million. The bottom line results beat street analysts by $ 0.21 or 11.60 percent, at the same time, top line results outshined analysts by $ 5.17 million or 1.00 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ANET was $ 260.51, representing a 66.32 % increase from the 52 week low of $ 156.63 and a 0.57 % decrease over the 52 week high of $ 262.00.
The company has a market capital of $ 19.72 billion and is part of the Technology sector and Computer Systems industry.
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Conference Call
Arista Networks, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arista.com
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The companys cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.
