Arista Networks Stock Movement: Anticipation Before Earnings Report

Arista Networks, Inc. (NYSE: ANET) is seeing its stock price rise on this Tuesday. The increase in stock value may be linked to the upcoming announcement of the company's earnings for the fourth quarter of the 2024 fiscal year, which is set to be released after the market closes today.

Forecast Expectations: Analysts, as reported by Benzinga Pro, project that Arista will report earnings per share (EPS) of 57 cents and a revenue of $1.90 billion. In the previous quarter, Arista guided expectations for the fourth-quarter revenue to fall between $1.85 billion and $1.90 billion.

Additionally, the company provided guidance indicating a gross margin expected to be around 63% to 64%, along with an operating margin anticipated to be approximately 44%.

During the third quarter, Arista reported adjusted earnings per share of 60 cents, slightly missing the analysts’ forecast of $2.08. However, the company exceeded revenue expectations by reporting $1.81 billion in revenue, compared to the anticipated $1.74 billion.

“Arista remains at the forefront of next-generation data centers, focusing on client-to-cloud solutions and AI initiatives,” stated Jayshree Ullal, Chairperson and CEO of Arista Networks, during the last earnings report.

The company is scheduled to hold a live conference call at 4:30 P.M. ET to discuss the forthcoming financial results, providing investors and stakeholders an opportunity to gain insights into its performance.

Current Market Activity: As of the latest updates, Arista's stock is trading 2.23% higher, reaching a price of $109.26, according to Benzinga Pro.

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