Cloud Titan Spending Pause is a Speedbump to Arista's Momentum; Maintaining FVE of $280
Narrow-moat Arista Networks reported another robust quarter of growth. However, next quarter's growth is expected to be hampered by an important cloud titan customer pausing its spending. Revenue growth of 26% year over year was in line with our expectations while operating margin of 33% exceeded our forecast due to controlled R&D and sales and marketing expenditures. Although the cloud titan, which we assume is Microsoft, pausing demand causes us to lower our expected revenue growth for the...Arista Networks is engaged in providing cloud networking solutions, which consist of its Extensible Operating System (EOS), a set of network applications and its Ethernet switching and routing platforms. The programmability of EOS enable the company to create a set of software applications that address the requirements of cloud networking, including workflow automation, network visibility and analytics, and enable the company to integrate with third-party applications for virtualization, management, automation, orchestration and network services. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks.
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