The year 2020 was already going to be a ho-hum one for Arista Networks (NYSE: ANET), and the coronavirus pandemic certainly hasn't changed that. Arista Networks' first-quarter 2020 revenue came in at $523 million, near the bottom of guidance provided a few months ago and good for a year-over-year decline of 12%. Adjusted net earnings were $162 million (down 14%), and adjusted earnings per share fell 13%, getting a slight benefit from Arista's ongoing share-repurchase program. Read More...
Why an Ugly 2020 Won’t Change the Long-Term Buy Thesis for Arista Networks Stock
The year 2020 was already going to be a ho-hum one for Arista Networks (NYSE: ANET), and the coronavirus pandemic certainly hasn’t changed that. Arista Networks’ first-quarter 2020 revenue came in at $523 million, near the bottom of guidance provided a few months ago and good for a year-over-year decline of 12%. Adjusted net earnings were $162 million (down 14%), and adjusted earnings per share fell 13%, getting a slight benefit from Arista’s ongoing share-repurchase program.
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