Arista Networks Inc (NYSE:ANET), an industry leader in data-driven, client to cloud networking for large data center, campus and routing environments, stock rose 7.50% (As on Feb 15, 12:09:34 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY 21. The company’s bottom line came in at $239.30 million in the fourth quarter of FY 21 compared with $182.96 million, in last year’s fourth quarter. During the quarter, ANET announced the next major expansion of the Arista EOS® network stack with the introduction of the EOS Network Data Lake (NetDL). Coupled with the AI/ML-driven Autonomous Virtual Assist (Arista AVA) and a broad ecosystem of industry leaders, Arista is extending the EOS network stack architecture to provide a high-fidelity data lake capability for the next era of data-driven networking. Further, the company announced the next generation of the widely deployed 7050X and 7060X Series, providing performance and cost benefits for customers of all sizes as they transition to 400G networks. The company has also joined the Microsoft Intelligent Security Association (MISA), an ecosystem of independent software vendors and managed security service providers that have integrated solutions to better defend against a world of increasing threats. Arista was nominated based on an integration between Arista’s NDR platform and Microsoft Azure Sentinel. This integration enables faster remediation of threats by combining network context and threat detection with log-based and endpoint insights within Azure Sentinel.

ANET in the fourth quarter of FY 21 has reported the adjusted earnings per share of 82 cents, beating the analysts’ estimates for the adjusted earnings per share of 74 cents, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 27.1 percent to $824.5 million in the fourth quarter of FY 21, beating the analysts’ estimates for revenue of $790.6 million. The company delivered Non-GAAP gross margin of 64.3%, compared to non-GAAP gross margin of 64.9% in the third quarter of 2021 and 65.0% in the fourth quarter of 2020.

For the first quarter ending in April, Arista Networks expects revenue to be in the range of $840 million to $860 million. For the first quarter of 2022, the company expects Non-GAAP gross margin to be in the range of 63% to 64% and Non-GAAP operating margin to be of approximately 38%.