Arista Networks (ANET) reported robust financial results for Q4 2024, surpassing earnings expectations with an EPS of $0.65, surpassing the forecast of $0.571. The company also exceeded revenue projections, with $1.93 billion revenue compared to the anticipated $1.9 billion. According to InvestingPro data, Arista maintains excellent financial health with a "GREAT" overall score and holds more cash than debt on its balance sheet1. Despite these positive results, Arista Networks' stock fell 4.57% in after-hours trading, closing at $105.99. This decline follows an initial 3.92% increase during regular trading hours, suggesting mixed investor sentiment. InvestingPro analysis indicates the stock is trading above its Fair Value, with a P/E ratio of 52.03. The stock has delivered impressive returns, gaining over 63% in the past year despite recent volatility. Key Takeaways Arista Networks beat Q4 2024 EPS forecasts by 14%. Revenue grew by 25.3% year-over-year, reaching $1.93 billion. Stock price fell 4.57% in after-hours trading despite earnings beat. Strong performance driven by cloud AI and data center products. Positive outlook for 2025 with anticipated revenue growth of 17%. Company Performance Arista Networks demonstrated strong performance in Q4 2024, with revenue increasing by 25.3% year-over-year. The company's focus on cloud AI and data center products significantly contributed to this growth, accounting for approximately 65% of total revenue. Arista's strategic partnerships with major cloud providers like Microsoft, Meta, and Oracle continue to bolster its market position, especially in high-performance switching. Financial Highlights Revenue: $1.93 billion, up 25.3% YoY Full Year 2024 Revenue: $7 billion, a 19.5% increase Earnings per share (EPS): $0.65, a 25% YoY increase Non-GAAP Operating Margin: 47.5% Cash and Equivalents: $8.3 billion Earnings vs. Forecast Arista Networks outperformed expectations with an EPS of $0.65, surpas
3/28/2025 06:40am
