Arista Networks (NYSE:ANET) announced its fourth-quarter earnings on Monday, exceeding Wall Street predictions. Despite this, the company’s shares dropped over 8% in pre-market today following the announcement.

The networking equipment manufacturer posted earnings per share (EPS) of $2.08 and revenue of $1.54 billion, surpassing the expected figures of $1.70 per share and $1.53 billion, respectively.

Looking ahead to the first quarter, Arista Networks anticipates revenue to be between $1.52 billion and $1.56 billion, aligning with Wall Street’s forecast of $1.53 billion.

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