Arista Networks (ANET) ended the recent trading session at $231.56, demonstrating a -1.68% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq lost 1.64%.Prior to today's trading, shares of the cloud networking company had gained 9.49% over the past month. This has outpaced the Computer and Technology sector's gain of 4.46% and the S&P 500's gain of 4% in that time.Analysts and investor ...

Arista Networks, Inc. (NYSE:ANET) Raymond James TMT & Consumer Conference December 5, 2023 1:40 PM ET Company Participants Ita Brennan - CFO Liz Stine - IR Conference Call Participants Simon Leopold - Raymond James Simon Leopold Thank you very much folks for joining us. My name is Simon Leopold, Raymond James' Data Infrastructure Analyst, and I am pleased to welcome for our fireside. We have with us from Arista. We have Ita Brennan, CFO, retiring in a few months. So, we are grateful that you are spending yo ...

Summary of Arista Networks, Inc. Conference Call Company Overview - **Company**: Arista Networks, Inc. (NYSE: ANET) - **Event**: Wells Fargo 7th Annual TMT Conference - **Date**: November 29, 2023 - **Participants**: Ita Brennan (CFO), Aaron Rakers (Wells Fargo Analyst) Key Points Industry and Growth Projections - Arista projects a **CAGR of around 15% from 2022 to 2027** [2] - The company experienced **50% growth in 2022** and is on track for **33% growth in 2023** [3] - The business has **doubled in size from 2021 to 2023** [3] - Growth drivers include: - **Cloud segment**: More cyclical growth - **Enterprise segment**: Steady share gains and consistent growth [4] AI and Non-AI Segments - Arista aims for a **$750 million target in AI by 2025** [6] - There is a recognition of a shift towards **AI-related spending** from customers, with expectations of a **moderated cloud year in 2024** [8] - The company is focusing on **measuring progress** in AI and non-AI segments, with a long-term view on growth [8] Campus Opportunity - Arista is targeting **$750 million in revenue from the Campus segment** [10] - The company has faced **supply chain issues** but is making progress in addressing them [11] - The Campus opportunity is significant, with **50% of it coming from large enterprises** [12] - There is a growing interest in improving Campus networks across various sectors, including education and healthcare [15] Product Development and Strategy - Arista is focused on integrating its offerings into a cohesive platform, leveraging **CloudVision** for visibility and management [18] - The company is exploring **SD-WAN and security solutions** as part of its product strategy [19] - The **NAC solution Agni** was recently announced to address customer pain points [19] Financial Performance and Inventory Management - Arista is currently managing **335 days of inventory**, which is higher than desired due to supply chain constraints [49] - The company is working to reduce inventory levels as lead times improve, but some components still have **52-week lead times** [45][46] - There is a focus on maintaining a strong cash position to navigate supply chain challenges [57] Capital Allocation and M&A Strategy - Arista intends to return cash to shareholders, targeting **50% of cash generated**, but remains opportunistic due to market volatility [58] - The company is focused on **tuck-in acquisitions** rather than large platform buys, looking for technology and talent that align with its existing offerings [60] International Growth - Arista is investing in international markets, with notable growth in **EMEA (56%) and Asia-Pac (72%)** [61] - The company aims to increase its international sales headcount to support this growth [62] Overall Business Model - The dual focus on **AI/cloud and Enterprise Campus** segments provides a balanced growth strategy, helping to mitigate cyclicality [65] - The company emphasizes the importance of executing well in both segments to enhance overall performance [65] Additional Insights - The **importance of technology alignment** and product delivery is highlighted as crucial for future growth, especially in AI deployments [33] - Arista is focused on **power efficiency** in its solutions, particularly with new optical technologies [38][40] This summary encapsulates the key insights and strategic directions discussed during the conference call, providing a comprehensive overview of Arista Networks' current position and future outlook.

Arista Networks, Inc. (NYSE:ANET) UBS Annual Technology, Media and Telecom Conference November 28, 2023 2:55 PM ET CorporateParticipants Anshul Sadana - Chief Operating Officer ConferenceCall Participants David Vogt - UBS David Vogt Good afternoon, everyone. Thanks for joining us here at UBS Tech Conference. I'm David Vogt, I'm the hardware networking analyst. And we're excited to have with us Arista Networks, Anshul Sadana, Chief Operating Officer. Before we get started on so let me just read a quick discl ...

Arista Networks, Inc. (NYSE:ANET) 17th Annual Needham Virtual Security, Networking, & Communications Conference November 14, 2023 12:50 PM ET Company Participants John McCool – Chief Platform Officer Martin Hull – Vice President-Product Management Conference Call Participants Alex Henderson – Needham & Co Alex Henderson Great. Thanks so much, Zach. I appreciate the connection. My name is Alex Henderson. I'm the networking and security analyst at Needham. We have two awesome guys from Arista here, John McCoo ...

Arista Networks, Inc. (NYSE:ANET) Q3 2023 Earnings Conference Call October 30, 2023 4:30 PM ET Company Participants Liz Stine - Director of Investor Relations Jayshree Ullal - President and Chief Executive Officer Ita Brennan - Chief Financial Officer Anshul Sadana - Chief Operating Officer Conference Call Participants Samik Chatterjee - JPMorgan Antoine Chkaiban - New Street Research Matt Niknam - Deutsche Bank Karl Ackerman - BNP Paribas Amit Daryanani - Evercore Ben Bollin - Cleveland Research Aaron Rake ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36468 | --- | --- | --- | --- | --- | --- | |-------|----------------------------------------------------------------|----- ...

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