This article first appeared on GuruFocus. Arista Networks Inc. (NYSE:ANET), which sells Ethernet switches and software for AI and cloud data centers, rose 11.54% in premarket after it reported third-quarter revenue of $3.66 billion, up 58.5%. That's its fastest year-over-year growth since its IPO, and it beat analysts' consensus of $3.335 billion. Non-GAAP EPS of $1.20 beat the $1.08 estimate. GAAP EPS was higher, at $1.22, helped by $134.5 million of gains on strategic investments. Warning! GuruFocus has detected 2 Warning Sign with ANET. Is ANET fairly valued? Test your thesis with our free DCF calculator.ANET GF Value chart Product revenue climbed to $3.19 billion from $1.91 billion a year earlier. Non-GAAP operating margin edged up to 49.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.