Don’t Miss Out On The Arista Networks Inc. (ANET) Growth Story         – News Heater
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Don’t Miss Out On The Arista Networks Inc. (ANET) Growth Story        

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Arista Networks (ANET) has released its first-quarter 2021 report. Tests on new technologies to diversify the business are producing positive results.

Arista Networks’ revenue in the first quarter of 2020 was $667.6 million, a 27.6% increase over the last year. GAAP gross margin decreased slightly to 63.7 %, GAAP net income was $ 180.4 million, or $ 2.27 per diluted share, while these figures were $ 138.4 million and $ 1.73 a year earlier. Smart cloud network solutions are one of the main factors promoting growth in this market, helping companies improve their IT efficiency.

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Arista Networks (ANET) continues to develop new communications technologies. So the communication line compatibility testing was completed with a length of 120 km at the Microsoft test bench. Testing was conducted by a number of vendors of optical communications equipment, and Arista’s equipment has been effective in establishing communications between data centers.

Arista offers Awake Security platforms to a large range of potential customers based on the belief that no information is confidential.

During the second quarter, Arista expects revenues to be in the range of $675 – $695 million, with gross margins of between 63 – 65 %. However, the company’s management remains concerned about supply chain disruptions in connection with COVID-19.

The share price of Arista Networks (ANET) closed the last session at $327.26, up 3.3% or $10.52. Throughout the day, shares of the company traded between $316.00 and $227.52. The number of shares traded was 0.7 million, which was higher than its 50-day daily volume of 0.47 million and above its Year-to-date volume of 0.55 million. The company’s stock moved up 1.47% in the last week, and the stock has advanced 57.33% in the past year. Over the past six months, the stock has gained 31.17%, and in the past three months, it has risen by 2.28%. Since the beginning of the year, the stock’s return has been 12.63%. Additionally, its price-to-earnings ratio is 40.97.

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