ANET Earnings Prediction
The chart below shows how ANET performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ANET sees a -0.36% change in stock price 10 days leading up to the earnings, and a +5.31% change 10 days following the report. On the earnings day itself, the stock moves by +0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
ANET Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.81B
19.97%
7.13%
Gross Margin
64.15%
2.76%
-1.17%
Operating Margin
43.36%
8.59%
4.76%
Net Margin
41.30%
14.31%
4.90%
EPS
0.58
-66.28%
-72.12%
No Data Available
ANET Earnings Analysis
Arista Networks Corporation (ANET.N) Earnings Conference Call
Positive
Revenue Increase Overview: Total revenues reached $1.81 billion, marking a 20% year-over-year increase.
Exceeding Guidance Performance: This strong performance exceeded our guidance range of $1.72 billion to $1.75 billion.
Subscription Software Revenue: Services and subscription software contributed approximately 17% of revenues in the third quarter.
International Revenue Contribution: International revenues for the quarter came in at $330.9 million or 18.3% of total revenue, reflecting an increased contribution from domestic shipments to our cloud and enterprise customers.
Gross Margin Performance: Gross margin in Q3 was 64.6%, above the upper range of our guidance of approximately 64%.
Negative
Revenue Exceeds Guidance: Total revenues reached $1.81 billion, marking a 20% year-over-year increase, but this strong performance exceeded our guidance range of $1.72 billion to $1.75 billion, indicating potential overestimation in future forecasts.
International Revenue Decline: International revenues for the quarter came in at $330.9 million or 18.3% of total revenue, down from 18.7% last quarter, reflecting a decrease in international market performance.
Gross Margin Analysis: Gross margin in Q3 was 64.6%, above the upper range of our guidance of approximately 64%, down from 65.4% last quarter, indicating a decline in profitability.
Operating Expenses Reduction: Operating expenses in the quarter were $279.9 million or 15.5% of revenue, down from last quarter at $319.8 million, suggesting ongoing cost management challenges.
R&D Spending Decline: R&D spending came in at $177.5 million or 9.8% of revenue, down from $216.7 million last quarter, indicating a reduction in investment in product development.
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ANET Earning Call Sentiment
Arista Networks, Inc. (ANET) Q3 2024 Earnings Call Transcript
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ANET.N
-22.45%Positive
The earnings call presents a generally positive outlook. Strong financial performance with a 20% revenue increase and 31.1% EPS growth, alongside optimistic guidance and a significant share repurchase program, suggests favorable investor sentiment. However, slight concerns arise from supply chain challenges and competitive pressures. The Q&A highlights progress in AI trials and positive partnerships, though some responses lack clarity. Overall, the strong financials and strategic initiatives outweigh the risks, indicating a likely positive stock price movement.