03.05.2019, 22:25
Technology | Diversified Computer Systems | USA
How Far Will Arista Networks Fall on Its Earnings Report?
Arista Networks stock is falling hard on Friday after disappointing guidance. Here's the sweet spot to go long.
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Earnings of $2.31 per share came in 24 cents ahead of expectations. Revenue of $595.4 million grew 26% year-over-year, but was only in-line with estimates. In-line sales results for a high-growth, high-valuation company isn't ideal, especially after the stock rallied into the report.
But the price action can get extra dicey on poor guidance, which is exactly what we have here. Management expects sales of $600 million to $610 million next quarter, well below Wall Street estimates of $639.3 million.
What does this mean for the stock?
...
https://www.thestreet.com/investing/earn...yptr=yahoo
How Far Will Arista Networks Fall on Its Earnings Report?
Arista Networks stock is falling hard on Friday after disappointing guidance. Here's the sweet spot to go long.
...
Earnings of $2.31 per share came in 24 cents ahead of expectations. Revenue of $595.4 million grew 26% year-over-year, but was only in-line with estimates. In-line sales results for a high-growth, high-valuation company isn't ideal, especially after the stock rallied into the report.
But the price action can get extra dicey on poor guidance, which is exactly what we have here. Management expects sales of $600 million to $610 million next quarter, well below Wall Street estimates of $639.3 million.
What does this mean for the stock?
...
https://www.thestreet.com/investing/earn...yptr=yahoo