ANET News

Arista Networks Inc (NYSE: ANET) reported upbeat Q4 results, but shares tanked. Analysts remain neutral, citing decreasing cloud capex and valuation.

Arista Networks Inc (NYSE:ANET) shares are trading lower Wednesday after the company reported fourth-quarter financial results. Here's what you need to know.

Major U.S. indices closed higher on Tuesday, with the Nasdaq gaining 0.07% to 20,041.26.

Arista Networks reported fourth-quarter revenue of $1.93 billion, beating analyst estimates of $1.9 billion. The networking equipment company reported fourth-quarter adjusted earnings of 65 cents per share, beating analyst estimates of 57 cents per share, according to Benzinga Pro.

Arista is expected to report earnings for the 2024 fiscal-year fourth-quarter after the market closes today.

ANET stock faces bearish momentum ahead of Q4 earnings, hedge fund exits position. Stock currently maps against Wall Street estimates with potential for bounce near 200-day SMA. Analysts see 5% upside with consensus rating of Buy and $282.78 price target.

Cramer said Under Armour is a "great spec." However, he recommended being careful. On Dec. 12, Under Armor reiterated its 2025 guidance.

Arista Networks (NYSE:ANET) has outperformed the market over the past 5 years by 14.22% on an annualized basis producing an average annual return of 26.59%. Currently, Arista Networks has a market capitalization of $36.26 billion.

Within the last quarter, Arista Networks (NYSE:ANET) has observed the following analyst ratings:

Arista Networks (NYSE:ANET) reported its Q1 earnings results on Monday, May 2, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Arista Networks beat estimated earnings by 3.7%, reporting an EPS of $0.84 versus an estimate of $0.81.