Arista Networks (ANET) Tops Q3 EPS by 12c; Issues Solid Outlook

Arista Networks (NYSE: ANET) reported Q3 EPS of $0.40, $0.12 better than the analyst estimate of $0.28. Revenue for the quarter came in at $155.5 million versus the consensus estimate of $148.3 million.

Arista Networks sees Q4 2014 revenue of $160-168 million, versus the consensus of $160.77 million.

“We had good performance in Q3 2014 as we shipped our three millionth port this quarter and achieved a record $155.5 million in revenue, growing 53% year over year,” stated Jayshree Ullal, Arista President and CEO. “The flagship Arista 7500E Spine and X-Series Spline products continue to drive our customer demand.”

Commenting on the company's financial results, Kelyn Brannon, CFO of Arista Networks, said, "We delivered strong revenue growth across our 4 principal verticals, while maintaining a solid operating margin and generating cash flow from operations of $34.8 million in the quarter."

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

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