Arista Networks (ANET) Tops Q1 EPS by 13c, Offer Q2 Guidance

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Go back to Arista Networks (ANET) Tops Q1 EPS by 13c, Offer Q2 Guidance

Wedbush Remains Neutral on Arista Networks (ANET) Following Strong 1Q and In-Line Guide

May 15, 2015 8:46 AM EDT

Wedbush maintained a Neutral rating and $60.00 price target on Arista Networks (NYSE: ANET) following a strong 1Q beat. ANET posted revenues of $179.0M, 5.3% above of the consensus $170 estimate. EPS was $0.50, beating the $0.37 estimates by $0.13. Arista guided revenues to $183M-$191M, slightly below consensus estimates of $188.9M.

Wedbush analyst Scott Thompson commented on ANET, saying, "Arista posted 1Q15 revenue and EPS results that solidly topped estimates across all metrics. While the... More