Arista Networks Inc. shares roseate successful the extended league Monday aft the cloud-software institution not lone posted an net and outlook bushed but announced a large stock buyback and a banal split.
Arista shares roseate 4% aft hours, pursuing a 0.3% diminution successful the regular league to adjacent astatine $408.57.
The institution reported third-quarter nett income of $224.3 million, oregon $2.81 a share, compared with $168.4 million, oregon $2.12 a share, successful the year-ago period. Adjusted net were $2.96 a share, compared with $2.42 successful the year-ago period.
Revenue roseate to $748.7 cardinal from $605.4 cardinal successful the year-ago quarter.
Analysts surveyed by FactSet had forecast net of $2.73 a stock connected gross of $738.2 million.
“We are experiencing beardown request for our pioneering lawsuit to unreality networking portfolio crossed each of our lawsuit sectors,” said Jayshree Ullal, Arista main executive, successful a statement. “Despite a challenging proviso concatenation environment, I americium pleased with our transportation of different grounds 4th of Arista’s fiscal results successful Q3 2021.”
Arista said it expects fourth-quarter gross of $775 cardinal to $795 million, portion analysts had forecast gross of $753.8 million.
Arista besides said its committee authorized the repurchase of an added $1 cardinal successful shares, and announced a four-to-one banal divided astir Nov. 18.
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