Arista Networks (ANET) Tops Q2 EPS by 18c; Guides Q3 Revenues Above Views

Arista Networks (NYSE: ANET) reported Q2 EPS of $2.72, $0.18 better than the analyst estimate of $2.54. Revenue for the quarter came in at $707.3 million versus the consensus estimate of $687.15 million.

"Our record second quarter reflects continued momentum and diversification across our top verticals and product-lines," said Jayshree Ullal, Arista's president and CEO. “We are on the cusp of network software and data driven transformation and look forward to delighting many more customers."

Commenting on the company’s financial results, Ita Brennan, Arista’s CFO said, “We are pleased with the strong performance of the business in the quarter, as we continued to work with customers and partners to navigate a challenging supply environment.”

GUIDANCE:

Arista Networks sees Q3 2021 revenue of $725-745 million, versus the consensus of $697.45 million.

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

You May Also Be Interested In

• Activist investor presses Xerox to review financial services arm - Bloomberg
• Labcorp acquires MLM Medical Labs to expand lab network
• QNB Corp. sells $254M in securities in portfolio repositioning