Arista Earnings Report, Weak Revenue Guidance Send Stock Plunging

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Arista Networks ( ANET ) earnings topped views, but first-quarter revenue only met expectations, while company sales guidance missed Wall Street targets by a mile. The Arista earnings news sent shares in the computer network switch maker plunging late Thursday. XReporting after the close, Arista said adjusted earnings were 2.31 a share, up 39% from a year ago, with revenue rising 26% to $595.4 million. Arista sells network switches that speed up communications among racks of computer servers packed into high-performance, cloud data centers. Santa Clara, Calif.-based Arista has pushed into the corporate market, including financial services, against fierce rival Cisco.

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