Jefferies Raises Price target on Arista Networks (ANET) Following Strong 3Q
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Arista Networks, Inc. Reports Third Quarter 2016 Financial Results
November 3, 2016 4:09 PM EDTCloud Networking Adoption Drives Record Earnings and Cumulative Shipments of 10 Million Cloud Networking Ports
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Arista Networks, Inc. (NYSE: ANET), an industry leader in software-driven cloud networking solutions for large data center and computing environments, today announced financial results for its third quarter ended September 30, 2016.
Third Quarter Financial Highlights
Revenue of $290.3 million, an increase of 8.0% compared to the second quarter of 2016, and an increase of 33.4% from the third quarter of 2015. GAAP gross margin of 64.2%,... More