financetom
Technology
financetom
/
Technology
/
Arista Networks sees first-quarter revenue above estimates as AI boom fuels demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Arista Networks sees first-quarter revenue above estimates as AI boom fuels demand
Feb 18, 2025 1:55 PM

Feb 18 (Reuters) - Arista Networks ( ANET ) forecast

first-quarter revenue above Wall Street estimates on Tuesday,

anticipating higher demand for its cloud networking gear from a

boom in artificial intelligence applications and chips.

The results underscore growing demand for advanced

networking infrastructure capable of supporting complex AI

workloads.

As more enterprises adopt AI technologies, Arista stands to

benefit from increased demand for advanced networking

capabilities to support these initiatives.

Analysts anticipate that Arista will continue to benefit

from the ongoing digital transformation across industries and

the increasing demand for robust networking solutions.

The company's prospects are further bolstered by increased

capital expenditure from major cloud players, including

Microsoft ( MSFT ) and Meta Platforms ( META ), which bodes well

for Arista as a key supplier in this space.

Arista completed a four-for-one stock split in December, as

a result of which each shareholder received three additional

shares.

Peer Juniper Networks ( JNPR ) earlier this month topped

analysts' estimates for preliminary fourth-quarter revenue and

profit.

Arista forecast first-quarter revenue in the range of $1.93

billion to $1.97 billion, compared with estimates of $1.91

billion, according to data compiled by LSEG.

Its revenue for the fourth quarter ended December 31 came in

at $1.93 billion, slightly above analysts' estimate of $1.90

billion.

On an adjusted basis, the company earned 65 cents per share,

compared with profit of 52 cents apiece in the previous year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved