Breaking News
May 7, 2025
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Arista Networks Inc. dropped 3.8% to $87.32 after the computer networking company reported first-quarter 2025 results.
Revenue edged up to $2.00 billion from $1.57 billion, net income jumped to $813.8 million from $637.7 million, and diluted earnings per share rose to 64 cents from 50 cents a year ago.
The company authorized an additional program to repurchase up to $1.5 billion.
Arista estimated second-quarter revenue to be approximately $2.1 billion, compared to $1.69 billion in the prior year; non-GAAP gross margin to be 63%, compared to 65.4%; and non-GAAP operating margin to be 46%, compared to 46.5% a year earlier.
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