Arista Earnings: AI Growth Momentum Continues to Impress, but Shares Remain Lofty

Key Morningstar Metrics for Arista Networks

What We Thought of Arista Networks’ Earnings

Arista Networks’ ANET fourth-quarter results eclipsed all of management’s guidance ranges. Revenue rose 25% year over year to $1.93 billion. First-quarter guidance implies more than 20% year-over-year growth, with a revenue midpoint of $1.95 billion.

Why it matters: Results and guidance both were close to our above-consensus expectations. We believe Arista’s strong…