Arista Networks (ANET) Reports Q4 Earnings: EPS 75c, Revenue $2.49B, Surpassing Estimates

Arista Networks Inc. (ANET) reported fourth-quarter net income of $955.8 million, or 75 cents per share, up from 82 cents in the same period last year, with a non-GAAP adjusted result of 82 cents per share. Revenue for the quarter totaled $2.49 billion, exceeding the $2.37 billion average estimate from eight analysts surveyed by Zacks Investment Research. Year-over-year, the company recorded profit of $3.51 billion, or $2.75 per share, and revenue of $9.01 billion. For the quarter ending March 31, Arista expects revenue in the range of $2.6 billion. Shares rose to $135.12, up 3% year-to-date and 23% over the past 12 months.