Overview
- Arista Networks reported revenue of $2.71 billion, up 35.1% year over year, with earnings of $0.87 per share that topped analyst estimates.
- The company guided second-quarter revenue to $2.8 billion and adjusted earnings to $0.88 per share, both modestly above the Street consensus cited by Benzinga Pro.
- The stock fell about 13% in after-hours trading to roughly $146.65 following the report, according to Benzinga.
- Benzinga said the drop likely reflects investors hoping for a larger outlook despite the double beat on results and guidance.
- Arista also announced AI data center gear, including XPO liquid-cooled pluggable optics and a universal AI spine, which it says can cut networking racks by up to 75% and save up to 44% of floor space.