3.9k Share this

Arista Networks Inc. rallied in the extended session Monday after the cloud-software company’s quarterly results and outlook topped Wall Street estimates.

Arista ANET, +1.57% shares surged up to 10% after hours, following a 1.6% rise in the regular session to close at $122.82.

The company reported fourth-quarter net income of $239.3 million, or 75 cents a share, compared with $183 million, or 58 cents a share, in the year-ago period. Adjusted earnings were 82 cents a share, compared with 62 cents a share in the year-ago period. Per-share amounts account for a four-to-one stock split announced last quarter.

Revenue rose to $824.5 million from $648.5 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast earnings of 74 cents a share on revenue of $790.1 million, based on Arista’s forecast of $775 million to $795 million.

Arista said it expects first-quarter revenue between $840 million and $860 million, while analysts forecast revenue of $832.5 million.

Source: This post first appeared on http://marketwatch.com/

3.9k Share this
You May Also Like

Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

Although Web3 has become a sort of buzzword in the cryptocurrency community,…

Iranian, Turkish, And Israeli Drones Will Be Built In Other Countries

Iran’s inauguration of a factory to build military drones in Tajikistan on…

FC Barcelona President Laporta Attacks PSG, Xavi’s Squad And Gavi While Speaking On Neymar Return

Joan Laporta has took aim at PSG in an interview. Getty Images…

10 Lessons on Business Building and Growth from Craft Brewery Owners

No matter what type of business you operate, there are strategies that…

Stellar CEOs Stand Out From The Crowd By Doing This

Opinions expressed by Entrepreneur contributors are their own. Inflation has soared to…

Tips for Building a Thriving Business

Opinions expressed by Entrepreneur contributors are their own. In my last article,…

With Offense Down, Hitters Will Be In Demand During Baseball Trade Talks

Slugging Boston shortstop Xander Bogaerts could be traded before he exercises an…

Why Is It Normal For You To Worry About Retirement Before You Retire?

getty The clock is ticking towards your final day on the job.…