Arista Networks (NYSE: ANET) reported Q2 EPS of $2.11, versus the analyst estimate of $1.95. Revenue for the quarter came in at $540.6 million versus the consensus estimate of $529.73 million.

"I am definitely pleased with our quarterly performance and proud of the tenacity shown by the Arista team in the face of the challenging pandemic era we live in,\" stated Jayshree Ullal, President & CEO of Arista Networks. \"Arista\'s market position has been reinforced as we were placed in the leader’s category by two renowned market analyst firms.\"

Commenting on the company\'s financial results, Ita Brennan, Arista’s CFO, said, “We are pleased with our overall business execution in the quarter, with the team continuing to work closely with customers, supply chain and other partners as we collectively navigate the COVID-19 operating environment.”

GUIDANCE:

Arista Networks sees Q3 2020 revenue of $570-590 million, versus the consensus of $562.24 million.

For earnings history and earnings-related data on Arista Networks (ANET) click here.