Needham & Company Reiterates Buy on Arista Networks (ANET) Following 4Q Beat
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Arista Networks, Inc. Reports Second Quarter 2016 Financial Results
August 4, 2016 4:09 PM EDTCloud Networking Adoption Drives Record Revenue
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Arista Networks, Inc. (NYSE: ANET), an industry leader in software-driven cloud networking solutions for large data center and computing environments, today announced financial results for its second quarter ended June 30, 2016.
Second Quarter Financial Highlights
Revenue of $268.7 million, an increase of 11.0% compared to the first quarter of 2016, and an increase of 37.4% from the second quarter of 2015. GAAP gross margin of 63.8%, compared to GAAP gross margin of 64.0% in the first quarter... More
