Arista Networks Inc - ANET STOCK NEWS

Arista Networks (NYSE:ANET) unveiled its SwitchApp for the Arista 7130, featuring ultra-low latency of under 100ns, leveraging advanced FPGA technology. This solution enhances financial services by providing agility and performance for network responses to market changes. Clients, like ASX, benefit from unified network management and improved customer outcomes. The SwitchApp democratizes ultra-low latency switching capabilities, allowing broader market access. Availability is set for Q2 2021, with testing currently underway.

Arista Networks (ANET) reported first-quarter financial results ending March 31, 2021, with revenues of $667.6 million, marking a 27.6% year-over-year increase. GAAP net income reached $180.4 million or $2.27 per diluted share, up from $138.4 million and $1.73 a year prior. Non-GAAP metrics also improved, with net income at $198.8 million or $2.50 per share. Despite robust growth, gross margins slightly declined from the previous year. The company anticipates second-quarter revenue between $675 million to $695 million and a non-GAAP gross margin of 63% to 65%.

Arista Networks (NYSE:ANET) announced the launch of CloudVision® 2021, enhancing its software-driven solutions for enterprises. This new platform provides automation capabilities aimed at improving network agility and operational efficiency. It includes features like CloudVision Studios for simplified network configuration, cognitive telemetry for enhanced observability, and a Quality of Experience dashboard supporting key enterprise applications. Currently in customer trials, the new features are expected to be available in Q2 2021.

Arista Networks (NYSE:ANET) will announce its financial results for Q1 2021 on May 4, 2021, after U.S. markets close. The results will be shared via a press release available on their Investor Relations website. Following this, a conference call will be hosted by the executive management team at 1:30 p.m. PT to discuss the results. Additionally, Arista will participate in various upcoming investor events throughout May and June.

Arista Networks (NYSE:ANET) has announced significant updates to its Awake Security platform, enhancing its capabilities in threat detection and response. These improvements, achieved just six months post-acquisition, bolster Arista's zero trust security approach and make the platform more intuitive for security analysts. Key features now include autonomous unmanaged device discovery, advanced threat hunting using AI, and a user experience tailored to different analyst roles, all while integrating seamlessly with Arista's existing security solutions, particularly the DANZ Monitoring Fabric.

Arista Networks (NYSE: ANET) reported its Q4 2020 results, achieving $648.5 million in revenue, a 17.4% increase year-over-year. GAAP net income for the quarter was $183.0 million, or $2.31 per share, a decline from $260.7 million in Q4 2019. Full-year revenue reached $2.32 billion, down 3.9% compared to 2019. Non-GAAP net income was $718.4 million for the year, with Q1 2021 guidance predicting revenue between $630 million and $650 million.

Arista Networks (NYSE:ANET) has successfully completed interoperability testing for 400G ZR transceivers in collaboration with multiple suppliers over Microsoft’s 120km open line system. This testing promotes a robust, interoperable optics ecosystem, enhancing Data Center Interconnect (DCI) networks. The 400G ZR technology provides up to 25Tbps of bandwidth through QSFP-DD modules, crucial for cloud services. The Arista 7800R3 routing platform demonstrated optimal performance, supporting various vendors and indicating significant progress in DCI capability for customers.

Arista Networks (NYSE:ANET) has introduced a new zero trust security framework aimed at modernizing network security for enterprises. The Arista Multi-Domain Macro-Segmentation Service integrates security policies with networking, leveraging the EOS and CloudVision platform. This service includes MSS-Group, which simplifies access control for users and IoT devices. The framework emphasizes continuous monitoring and situational awareness to enhance security, addressing the vulnerabilities of traditional architectures.

Arista Networks (NYSE:ANET) will announce its financial results for the quarter and fiscal year ending December 31, 2020, on February 18, 2021, post-market. A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Interested parties can join the call by phone or via a live webcast on Arista's Investor Relations website. Additionally, Arista will participate in two upcoming conferences: the Goldman Sachs Technology and Internet Conference on February 11, and the Morgan Stanley Technology, Media & Telecom Conference on March 2.