Arista Networks' (ANET) stock was hammered by its recent earnings because guidance for the fourth quarter was well below estimates. In fact, the company guided Q4 for $550M while analysts had it pegged at $686.5M. That's a 20% drop in expectations, and the stock nearly matched that drop - going from $244 a share to $190 a share, now two weeks removed from its report.
Arista And The "Titan" On The Same Page?
Through questioning and prodding, it was revealed by management on the earnings call that Facebook (FB) was the cloud titan