TDC - Arista Networks Reports Q4 Results Joins Teradata Lattice Semiconductor And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session | Benzinga
U.S. stock futures were lower this morning, with the Nasdaq futures trading lower by around 100 points on Tuesday.
Shares of Arista Networks, Inc. (NYSE: ANET) shares fell in today’s pre-market trading after the company reported fourth-quarter financial results and issued guidance.
Arista said fourth-quarter revenue increased 20.8% year-over-year to $1.54 billion, which beat the consensus estimate of $1.53 billion, according to Benzinga Pro. The company reported quarterly earnings of $2.08 per share, which beat analyst estimates of $1.70 per share.
Arista sees first-quarter revenue in the range of $1.52 billion to $1.56 billion versus estimates of $1.53 billion. The company expects first-quarter adjusted gross margins of approximately 62%.
Arista Networks shares declined 5.7% to ...