Arista Networks Inc

BBG0068J0HN3

Equity

ISIN US0404131064 / Valor 24122208

New York Stock Exchange, Inc (2025-04-02)

USD 80.16+2.13%

Arista Networks Inc
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About company

Arista Networks Inc., headquartered in Santa Clara, California, is a prominent player in the networking industry, providing advanced networking solutions to a diverse clientele, including Fortune 500 companies across sectors such as cloud services, enterprise, and finance. Founded in 2008 by industry veterans Andy Bechtolsheim, Ken Duda, and David Cheriton, and currently led by CEO Jayshree Ullal, Arista specializes in data-driven networking solutions that span data centers and campus environments. The company offers a range of products, including routing and software solutions for network monitoring and detection. Arista has expanded its capabilities through strategic acquisitions, such as Big Switch Networks for enhanced network observability, Mojo Networks for Wi-Fi solutions, Metamako for low-latency platforms, and Awake Security for network detection and response. These acquisitions have bolstered Arista's offerings, enabling it to deliver comprehensive solutions that emphasize availability, agility, automation, analytics, and security. The company's innovative platforms are designed to provide enterprise-wide traffic visibility and contextual insights, catering to the needs of large data centers, AI environments, and campus networks.

Summarized from source with an LLMView SourceSector: Technology

Record Revenue

Arista Networks Inc. reported a record revenue of $7.003 billion for the full year ending December 31, 2024. This represents a significant increase of 19.5% compared to the fiscal year 2023, showcasing the company's strong growth trajectory.

Fourth Quarter Performance

In the fourth quarter of 2024, Arista Networks Inc. achieved a revenue of $1.930 billion. This marks a 6.6% increase from the third quarter of 2024 and a substantial 25.3% rise compared to the fourth quarter of 2023, highlighting the company's robust quarterly performance.

Profitability Metrics

Arista Networks Inc. reported a GAAP net income of $2.852 billion for the full year 2024, translating to $2.23 per diluted share. This is an improvement from the previous year's GAAP net income of $2.087 billion, or $1.65 per diluted share, indicating enhanced profitability.

Gross Margin Insights

The company achieved a GAAP gross margin of 64.1% for the full year 2024, up from 61.9% in 2023. The non-GAAP gross margin also improved to 64.6% from 62.6% in the previous year, reflecting Arista Networks Inc.'s efficient cost management and operational excellence.

Financial Outlook

Looking ahead to the first quarter of 2025, Arista Networks Inc. anticipates revenue between $1.93 billion and $1.97 billion. The company expects a non-GAAP gross margin of approximately 63% and a non-GAAP operating margin of around 44%, indicating continued confidence in its financial performance.

Summarized from source with an LLMView Source

Key figures

-72.4%1Y

-42.5%3Y

65.2%5Y

Performance

147%1Y

89.9%3Y

74.2%5Y

Volatility