Benzinga | Nov 2, 2020 04:33PM EST

Recap: Arista Networks Q3 Earnings

Shares of Arista Networks (NYSE:ANET) moved higher by 6.38% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 10.04% year over year to $2.42, which beat the estimate of $2.21.

Revenue of $605,431,000 declined by 7.49% year over year, which beat the estimate of $581,330,000.

Looking Ahead

Arista Networks Sees Q4 Sales $615M-$635M vs $609.26M Est.

Details Of The Call

Date: Nov 02, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.arista.com%2F&eventid=2632643&sessionid=1&key=1282F37DB4E750C43655F0A996901D7F&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $267.30

Company's 52-week low was at $156.63

Price action over last quarter: down 8.08%

Company Profile

Arista Networks is a software and hardware provider for the networking solutions sector. Operating as one business unit, software, switching, and router products are targeted for high-performance networking applications, while service revenue comes from technical support. Customer markets include data centers, enterprises, service providers, and campuses. The company is headquartered in Santa Clara, California, and generates most of its revenue in the Americas. It also sells into Europe, the Middle East, Africa, and Asia-Pacific.