Benzinga | Aug 4, 2020 05:16PM EDT

Arista Networks: Q2 Earnings Insights

Shares of Arista Networks (NYSE:ANET) fell 4.96% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 13.52% over the past year to $2.11, which beat the estimate of $1.95.

Revenue of $540,570,000 declined by 11.14% year over year, which beat the estimate of $529,730,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 04, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.arista.com%2FHome%2Fdefault.aspx&eventid=2403067&sessionid=1&key=6702E638B2C25B532CC362DC7A50B50B&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $262.00

Company's 52-week low was at $156.63

Price action over last quarter: Up 29.80%

Company Description

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.