Why Arista Networks Stock Sank Today
Shares of Arista Networks (NYSE: ANET) fell more than 10% on Friday following the company's second-quarter results and subsequent conference call.
Arista's Q2 results were solid. Revenue rose 17% year over year to $608.3 million. That was slightly above Wall Street's estimates for $606.8 million.
Better still, the company's non-GAAP (adjusted) net income jumped 28% to $198.6 million, or $2.44 per share. The figure was well above analysts' expectations for adjusted EPS of $2.20.
Quelle Fool.com
