secwatch.observer — SEC 8-K summary
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Issuer:     Arista Networks, Inc. (ANET)
CIK:        0001596532
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001596532-21-000351
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Arista Q3 revenue up 23.7% YoY to $748.7M; announces 4:1 stock split and $1B buyback
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- GAAP EPS $2.81 vs $2.12 YoY; non-GAAP EPS $2.96 vs $2.42 YoY; revenue $748.7M up 23.7% YoY.
- Non-GAAP gross margin 64.9%; Q4 guidance: revenue $775-795M, non-GAAP gross margin 63-65%, operating margin ~37%.
- 4-for-1 stock split; record date Nov 11, 2021; trading on split-adjusted basis on or about Nov 18.
- Board authorized additional $1B for share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596532/000159653221000351/0001596532-21-000351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596532/000159653221000351/anet-20211101.htm
  HTML page:      https://secwatch.observer/filing/0001596532-21-000351

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer