Movement Alert｜Arista Networks Overnight Rise 9.82%, Q3 Beat and Strong Q4 Guidance Lift Shares

Market Focus

10 hours ago

On November 4, Arista Networks rose 9.82% Overnight, trading at $185.00/share, with turnover of $39,100.

The move followed the company’s latest earnings release, which showed third-quarter results above market expectations and fourth-quarter guidance that also topped consensus.

Arista Networks reported Q3 adjusted EPS of $1.20 on revenue of $3.66 billion, compared with market expectations of $1.08 and about $3.33 billion. Revenue increased from $2.31 billion a year earlier. For Q4, the company guided adjusted EPS to $1.26-$1.30 and revenue to $3.9-$4.0 billion, both above consensus expectations of $1.15 and $3.60 billion. Management said the quarter delivered the highest year-over-year revenue growth since the IPO and record profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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