Arista Networks Shares Up 4% Following Q4 Beat

Arista Networks (NYSE:ANET) shares gained 4% yesterday after the company reported its Q4 results, with EPS of $1.41 coming in better than the Street estimate of $1.21. Revenue of $1.28 billion beat the Street estimate of $1.2 billion.

Arista Networks Inc. is seeing continued growth despite supply chain challenges and long lead times for components. The company is benefiting from increased Could Titan spend by top cloud customers, including Meta and Microsoft, as well as gaining more enterprise customers. This growth is particularly notable given the current market conditions.

For Q1/23, the company expects revenue to be in the range of $1.275-1.325 billion, compared to the Street estimate of $1.207 billion.