Arista Networks Shares Up 6% on Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/ANET'>Arista Networks, Inc. (NYSE:ANET) </a>shares closed almost 6% higher on Tuesday following the company’s strong Q4 results, with revenue of $824.5 million coming in better than the consensus estimate of $790 million. Quarterly EPS was $0.82, beating the consensus estimate of $0.74. The beat was driven by strong cloud/ enterprise demand, despite supply chain challenges.</p>
<p>The company outperformed expectations every quarter in 2021 with strong underlying demand tailwinds from Cloud Titan/enterprise customers, international expansion, 400GbE upgrade cycle, and share gains.</p>
<p>According to the analysts at Oppenheimer, the company continues to navigate supply chain headwinds by strategically increasing purchasing commitments, but will face margin pressure for another year before constraints ease. The analysts remain confident that the company can easily deliver on 30% revenue growth for 2022, with room for upside if Cloud Titan demand persists at these levels, given the company’s strong execution, healthy underlying demand, and careful inventory management.</p>

NYSE:ANET