trending Market Intelligence /marketintelligence/en/news-insights/trending/mhkWZYHv5JkaXqgopa3Ncw2 content esgSubNav
In This List

Arista Networks profit misses consensus by 21.0% in Q4

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Arista Networks profit misses consensus by 21.0% in Q4

Arista Networks Inc. said its fourth-quarter normalized net income was 65 cents per share, compared with the S&P Capital IQ consensus estimate of 82 cents per share.

EPS rose 53.9% year over year from 42 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $48.2 million, an increase of 58.9% from $30.3 million in the year-earlier period.

The normalized profit margin increased to 14.7% from 12.4% in the year-earlier period.

Total revenue rose 33.6% year over year to $328.0 million from $245.4 million, and total operating expenses climbed 27.8% on an annual basis to $250.5 million from $196.0 million.

Reported net income increased 35.1% on an annual basis to $58.5 million, or 79 cents per share, from $43.3 million, or 60 cents per share.

For the year, the company's normalized net income totaled $2.07 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.07.

EPS rose from $1.28 in the prior year.

Normalized net income was $151.4 million, an increase from $91.3 million in the prior year.

Full-year total revenue increased year over year to $1.13 billion from $837.6 million, and total operating expenses grew year over year to $885.8 million from $688.3 million.

The company said reported net income rose year over year to $183.0 million, or $2.50 per share, in the full year, from $119.3 million, or $1.67 per share.