From Nasdaq: 2024-07-29 11:56:00

Arista Networks, Inc. (ANET) is set to report Q2 2024 results on Jul 30. Last quarter, they had an earnings surprise of 14.37%. Expectations are high for increased Service segment revenues due to strong demand trends and portfolio expansion efforts to cater to advanced use cases.

In Q2, Arista introduced a new Multi-Domain Segmentation Service to enhance zero trust networking infrastructure for enterprises. This solution addresses operational complexities and legacy system interoperability issues, improving overall network security. Analysts predict Service revenues to grow to $250.39 million from $197.39 million in the year-ago quarter.

With an Earnings ESP of +1.72% and a Zacks Rank #1, Arista is likely to beat earnings estimates for the quarter. The company’s strong performance reflects its innovative approach in addressing modern IT security challenges. Other companies to watch for earnings beats include Pinterest (PINS), Advanced Micro Devices (AMD), and Silicon Motion Technology Corporation (SIMO).



Read more at Nasdaq: Can Higher Service Revenues Boost Arista’s (ANET) Q2 Earnings?