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Sohini Mondal

What to Expect From Arista Networks' Q2 2024 Earnings Report

Arista Networks Arista ANET

With a market cap of $105.5 billion, Arista Networks, Inc. (ANET) specializes in cloud networking solutions for data centers and cloud computing environments across various sectors globally. Based in Santa Clara, California, the company is expected to announce its fiscal Q2 earnings results after the market closes on Tuesday, Jul. 30.

Ahead of this event, analysts expect the data-center switch company to report a profit of $1.72 per share, up around 22% from $1.41 per share in the previous year's quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. In the most recent quarter, the company reported an EPS of $1.80, exceeding the consensus estimate by 15.4% due to strong demand for its Ethernet switches and routers.

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