Arista (ANET) Surpasses Earnings Estimates, Announces $1.2 Billion Buyback in Latest Financial Triumph
full version at en.coinotag
- Arista Networks (ANET) reported first quarter earnings and revenue that exceeded consensus estimates and announced a new $1.2 billion stock buyback.
- The company’s stock rose more than 7% to 295.01 in extended trading, following the announcement.
- Analysts expect Arista’s revenue growth to slow to 12% in 2024 from nearly 34% in 2023.
Arista Networks beats Q1 estimates and announces $1.2 billion stock buyback, driving a 7% rise in stock price. The company’s future growth is expected to be boosted by investments in AI infrastructure.
