Arista Networks (ANET) Tops Q1 EPS by 8c

Arista Networks (NYSE: ANET) reported Q1 EPS of $0.68, $0.08 better than the analyst estimate of $0.60. Revenue for the quarter came in at $242.2 million versus the consensus estimate of $234.93 million. Management expects 2Q Revenue to be between $259 and $265 million.

"As we kick off 2016, we delivered a solid quarter,” stated Jayshree Ullal, Arista President and CEO. “We continue to experience increased relevance and acceptance from our customers in the ongoing shift to cloud networking.”

Commenting on the company's financial results, Ita Brennan, Arista’s CFO, said, "We are pleased with our execution across all financial metrics in the first quarter and with our outlook for Q2 reflecting strong customer adoption of our new products.”

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

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