Arista Networks, Inc.


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Arista Networks: The Optimistic Outlook in AI Networking Space A Major Green Flag For The Stock? 


Arista Networks concluded the fiscal year 2023 with outstanding results. The company saw strong performance on various fronts, reporting a year-over-year revenue growth of 33.8%, exceeding their initial guidance of 25%, and driving revenue to $5.86 billion. Additionally, Arista’s non-GAAP earnings per share reached an all-time high of $6.94, marking an annual increase of over 50%. In Q4 2023, Arista generated revenues of $1.54 billion, with a record non-GAAP earnings per share of $2.08 due to a favorable tax rate. Moreover, services and software support renewals accounted for around 17% of the firm’s revenue. It’s also worth noting the company’s annual sector revenue performance: Cloud Titans contributed 43%, enterprises made up approximately 36%, and providers were at 21%. Both Meta and Microsoft had customer concentrations of over 10%.

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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