Arista Networks, Inc.


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SKU: ANET-1 Category:


Arista Networks delivered a solid result and managed an all-around beat in the last quarter, generating revenues of $1.51 billion. The non-GAAP earnings per share stood at an impressive $1.83, showcasing the company’s financial strength. A notable portion, approximately 16.8%, of the revenue was attributed to services and software support renewals. The company’s international contribution reached 21.5%, with the Americas accounting for 78.5%. The steady improvement in Arista’s supply chain and lead times throughout 2023 aligns with the management’s projections, with expectations for normalization by 2024. Anticipating a robust future, Arista forecasts a 33% annual growth. Emphasizing enterprise momentum, Arista’s team remains dedicated to multi-domain, modern software underpinned by the EOS operating system and CloudVision stack. The company’s consistent software stack across diverse use cases, from WAN routing to data center infrastructure, sets it apart in the industry. Arista’s success is further illustrated through significant customer wins. One international customer leveraged Arista’s Ethernet modular switch and EOS to enhance its high-performance compute interconnect, supporting GPU as a service. Another win in the public sector involved a grant-funded AI initiative, showcasing Arista’s operational models with CloudVision and the importance of a lossless architecture for AI networking.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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