Latest news with #AristaNetworks
Yahoo
4 hours ago
- Business
- Yahoo
Arista Networks (ANET) Q2 Earnings and Revenues Surpass Estimates
Arista Networks (ANET) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.31%. A quarter ago, it was expected that this cloud networking company would post earnings of $0.59 per share when it actually produced earnings of $0.65, delivering a surprise of +10.17%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Arista Networks, which belongs to the Zacks Internet - Software industry, posted revenues of $2.2 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.34%. This compares to year-ago revenues of $1.69 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Arista Networks shares have added about 8.9% since the beginning of the year versus the S&P 500's gain of 7.6%. What's Next for Arista Networks? While Arista Networks has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Arista Networks was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.63 on $2.11 billion in revenues for the coming quarter and $2.58 on $8.35 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Diebold Nixdorf, Incorporated (DBD), has yet to report results for the quarter ended June 2025. The results are expected to be released on August 6. This company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of -47.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Diebold Nixdorf, Incorporated's revenues are expected to be $886.1 million, down 5.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Diebold Nixdorf, Incorporated (DBD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data
Sydney Morning Herald
7 hours ago
- Business
- Sydney Morning Herald
Wall Street surge makes billionaire CEO one of the richest women in the world
In the artificial intelligence gold rush, even pick-and-shovel companies like Arista Networks are seeing their fortunes swell. The hardware provider's shares have more than doubled since April, reaching an all-time high last week. Arista's run has made its chief executive officer, Jayshree Ullal, 64, one of the richest women in the world with a $US6.4 billion ($9.8 billion) fortune and among only a handful of non-founder executives to achieve that level of wealth, according to the Bloomberg Billionaires Index. She owns a 3 per cent stake in the company through trusts for herself, her children and a niece and nephew. The rise in Arista's stock has also pushed co-founder and chief technology officer Ken Duda, 54, to a $US1.2 billion net worth, according to Bloomberg's wealth list, joining fellow co-founders Andy Bechtolsheim, 69, and David Cheriton, 74, in that exclusive club. A spokesperson for California-based Arista declined to comment. Another runaway year could boost Ullal into the ranks of the world's 500 richest people after the networking company reported second-quarter earnings on Tuesday that beat analysts' estimates and raised its full-year revenue growth guidance. Loading 'The company is very much built by engineers for engineers,' Ullal said in a 2020 interview hosted by Notre Dame University. 'You may think, obviously that's how it should be. But you'd be surprised how people lose track of that.' Networking network Duda, Bechtolsheim and Cheriton worked together at Granite Systems, a startup co-founded by Cheriton, a Stanford University professor, and Bechtolsheim, who had founded Sun Microsystems before leaving in the 1990s. A software engineer known for his technical acumen, Duda studied computer science and electrical engineering at Massachusetts Institute of Technology and Stanford.
Sydney Morning Herald
8 hours ago
- Business
- Sydney Morning Herald
The stock surge that has made billionaire CEO one of the richest women in the world
In the artificial intelligence gold rush, even pick-and-shovel companies like Arista Networks are seeing their fortunes swell. The hardware provider's shares have more than doubled since April, reaching an all-time high last week. Arista's run has made its chief executive officer, Jayshree Ullal, 64, one of the richest women in the world with a $US6.4 billion ($9.8 billion) fortune and among only a handful of non-founder executives to achieve that level of wealth, according to the Bloomberg Billionaires Index. She owns a 3 per cent stake in the company through trusts for herself, her children and a niece and nephew. The rise in Arista's stock has also pushed co-founder and chief technology officer Ken Duda, 54, to a $US1.2 billion net worth, according to Bloomberg's wealth list, joining fellow co-founders Andy Bechtolsheim, 69, and David Cheriton, 74, in that exclusive club. A spokesperson for California-based Arista declined to comment. Another runaway year could boost Ullal into the ranks of the world's 500 richest people after the networking company reported second-quarter earnings on Tuesday that beat analysts' estimates and raised its full-year revenue growth guidance. Loading 'The company is very much built by engineers for engineers,' Ullal said in a 2020 interview hosted by Notre Dame University. 'You may think, obviously that's how it should be. But you'd be surprised how people lose track of that.' Networking network Duda, Bechtolsheim and Cheriton worked together at Granite Systems, a startup co-founded by Cheriton, a Stanford University professor, and Bechtolsheim, who had founded Sun Microsystems before leaving in the 1990s. A software engineer known for his technical acumen, Duda studied computer science and electrical engineering at Massachusetts Institute of Technology and Stanford.
The Age
8 hours ago
- Business
- The Age
Wall Street surge makes billionaire CEO one of the richest women in the world
In the artificial intelligence gold rush, even pick-and-shovel companies like Arista Networks are seeing their fortunes swell. The hardware provider's shares have more than doubled since April, reaching an all-time high last week. Arista's run has made its chief executive officer, Jayshree Ullal, 64, one of the richest women in the world with a $US6.4 billion ($9.8 billion) fortune and among only a handful of non-founder executives to achieve that level of wealth, according to the Bloomberg Billionaires Index. She owns a 3 per cent stake in the company through trusts for herself, her children and a niece and nephew. The rise in Arista's stock has also pushed co-founder and chief technology officer Ken Duda, 54, to a $US1.2 billion net worth, according to Bloomberg's wealth list, joining fellow co-founders Andy Bechtolsheim, 69, and David Cheriton, 74, in that exclusive club. A spokesperson for California-based Arista declined to comment. Another runaway year could boost Ullal into the ranks of the world's 500 richest people after the networking company reported second-quarter earnings on Tuesday that beat analysts' estimates and raised its full-year revenue growth guidance. Loading 'The company is very much built by engineers for engineers,' Ullal said in a 2020 interview hosted by Notre Dame University. 'You may think, obviously that's how it should be. But you'd be surprised how people lose track of that.' Networking network Duda, Bechtolsheim and Cheriton worked together at Granite Systems, a startup co-founded by Cheriton, a Stanford University professor, and Bechtolsheim, who had founded Sun Microsystems before leaving in the 1990s. A software engineer known for his technical acumen, Duda studied computer science and electrical engineering at Massachusetts Institute of Technology and Stanford.
Miami Herald
16 hours ago
- Business
- Miami Herald
Apple is a star (again) as investors hope tariffs don't squeeze markets
Stocks had a nifty week last week, especially technology shares. All of the major averages had solid weeks. The Standard & Poor's 500 index rose 2.4%, its best week since June. The Nasdaq Composite Index jumped 3.87%. Its compadre, the Nasdaq-100 Index, added 3.73%. The small-cap Russell 2000 Index moved up 2.38%. And the venerable Dow Jones Industrial Average managed a 1.35% gain. The market's gains came as new tariff rates for goods exported to the United States seemed to settle in at around 15%, with a number of deals not yet finished with a number of countries, including Canada, China and Mexico. What's not clear is the effects tariffs might have on the domestic economy and has added volatility to financial markets. There is a lawsuit now before the U.S. Court of Appeals arguing that the president can not impose tariffs unilaterally. Some stocks had positively gaudy returns. Palantir Technologies (PLTR) added 21.19% on the week after reporting its second-quarter revenue hit $1 billion, up 48% from a year earlier. It projected $4 billion-plus in revenue for the year. Related: Analyst says popular meme stock is worth less than zero Arista Networks (ANET) jumped 18.4%, and Axon Enterprise (AXON) , maker of the Taser and other equipment targeted at law enforcement, rose 13.5%. But there have to be losers, and there were: Eli Lilly (LLY) , off nearly 18% Thursday because orforglipron, its GLP-1 weight-loss that can be taken with a pill, didn't perform as well as Novo Nordisk's Wegovy in the latest trial. It was the biggest one-day loss for Lilly in 25 years. The Trade Desk (TTD) , an advertising platform that helps advertisers reach audiences across many channels, fell 37%. Related: $243 million Tesla Autopilot lawsuit lawyer has message for Elon Musk Here we have to note Apple (AAPL) , a stock many people currently loathe. The iPhone is wonderful, they'll say. So is the Macintosh computer. The graphics are great. But where's the artificial intelligence? Apple doesn't have an AI product to compete directly against Microsoft, Meta Platforms (META) and Google-parent Alphabet (GOOGL) At the end of July, Apple was down 17.1% for the year. This week, Apple shares were up 13.3%, sixth-best among S&P 500 stocks and the 2024 stock price decline has been cut to 8.4%. Reason: CEO Tim Cook said the company will invest an extra $100 billion on new plants in the United States. In exchange, the Trump Administration agreed to waive tariffs on Apple products made in China and India. Its market cap has risen to $3.4 trillion. Michael M. Santiago/Getty Images Among the 11 S&P 500 sectors, technology had the best week, rising 4.27%, followed by Consumer Discretionary at 3.81% and Communications Services. Techs were led by Palantir, Arista Networks, Micron Technology (MU) and Apple. Only three sectors were down on the week: Real Estate, down 0.14%.Health Care, down 0.8%.Energy, down 1%. Crude oil is down 11.7% on the year. The overall S&P 500 Index is up 8.63% and 32% from the bottom after President Trump introduced what's proven to be a first draft of a tariff plan. More Experts Stocks & Markets Podcast: Sectors to Avoid With Jay WoodsTrader makes bold call with Boeing stock after defense workers strikeVeteran fund manager sends urgent 9-word message on stocks After the market's decent-to-strong performance this past week, maybe in the back of your mind, you're thinking: Relatively speaking, how does it compare. Nicely, as noted. But the S&P 500 Index, used often as a short hand for the market, hasn't had a record close in (gasp!) nine whole days. Is this the end of the world? Probably not. The index has already seen 15 record closes in 2025, and autumn has not yet arrived. In 2024, in part because of the presidential election, there were 29 new record closes between July 26 and the end of the year. Related: Intel CEO pushes back amid calls for resignation In all, the index generated 57 new closing highs in 2024, according to Howard Silverblatt, Standard & Poor's senior index analyst. The record is still 77 closing highs in 1995. And that was as the Internet Bubble of the late 1990s was just getting started. The timing of new highs quite variable. The S&P 500 hit a closing high of 6,144.15 on Feb. 15. It took 128 days - and the tariff-induced minicrash in April - before the index hit a new record close: 6,173 on June 27. The week ahead includes 621 earnings reports, a goodly number until you remember that last week 1,552 companies reported quarterly results. All will mention tariffs somehow. The reports expected to grab the most attention will be: Dow component Cisco Systems (CSCO) , due after Wednesday's close. Cisco makes routers and networking equipment. Revenue estimate: $14.5 billion, up 7% from a year ago. Earnings estimate is 91 cents a share, up 4.6%.Chip-equipment maker Applied Materials (AMAT) , after Thursday's close. The revenue estimate: $7.2 billion, up 5.4% from a year ago. Earnings estimate: $2.35 a share, up 10.9%.Farm-equipment maker Deere & Co. (DE) , before Thursday's open. Revenue estimate: $10.3 billion, down 21.7%. Earnings estimate: $4.60, down 27%. Tapestry (TPR) , the owner of Coach leather goods and Kate Spade New York. Revenue estimate: $1.7 billion, up 5.4% from a year ago. Earnings estimate: $1, up 8.7%. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
