The last few years have been tough for Arista Networks (NYSE: ANET) . Shares of the cloud and network infrastructure provider have barely budged since the start of 2018, hobbled by first a slowdown in its growth after years of disrupting the market share among the cloud titans, and then contraction in late 2019 and 2020.
But as indicated by its third-quarter report, Arista's own recession is quickly coming to an end. This shareholder remains an optimistic buyer.
The company's third quarter wasn't particularly impressive compared to a year prior. Revenue was down by 7.5% year over year to $605 million, and adjusted net income fell by 11.5% to $192 million. Paired with the company's first-half results, this has most certainly been a forgettable run for Arista shareholders who had grown accustomed to it delivering double-digit percentage growth -- as it had done from the time it went public back in 2014 until 2020.
For further details see:
Top Cloud Stock Arista Networks Anticipates A Return to Growth