Arista Networks (NYSE:ANET) is expected to report third-quarter results after the close on November 3, after shares fell 9.8% over the past month. Last quarter, revenue rose 37.7% year over year to $3.04 billion, beating the $2.83 billion estimate, and non-GAAP EPS of $1.02 beat the $0.89 consensus for a sixth straight quarter. Fiscal 2026 revenue guidance was raised to $12.6 billion from $11.5 billion, and Q3 is guided to about $3.3 billion in revenue with roughly 63% gross margin. At $186.30, the stock trades around 45x fiscal 2026 consensus EPS, and shares fell 13.61% after Q1 2026 results despite a 7.73% surprise.
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