Arista Networks Files 8-K on Financials and Operations
Ticker: ANET · Form: 8-K · Filed: May 7, 2024 · CIK: 1596532
Sentiment: neutral
Topics: financial-results, operations, sec-filing
Related Tickers: ANET
TL;DR
Arista Networks dropped an 8-K on May 7th detailing Q1 results and other key events. Check it out!
AI Summary
Arista Networks, Inc. filed an 8-K on May 7, 2024, reporting on its results of operations and financial condition as of May 3, 2024. The filing also includes information on other events and financial statements and exhibits. The company is incorporated in Delaware and headquartered in Santa Clara, California.
Why It Matters
This 8-K filing provides an update on Arista Networks' financial performance and operational status, which is crucial for investors to assess the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine 8-K filing reporting financial results and other events, not indicating any immediate or significant new risks.
Key Players & Entities
- Arista Networks, Inc. (company) — Registrant
- May 3, 2024 (date) — Earliest event reported
- May 7, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Santa Clara, CA (location) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing for Arista Networks?
The primary purpose is to report on Arista Networks' results of operations and financial condition, as well as other events and to provide financial statements and exhibits.
On what date is the earliest event reported in this filing?
The earliest event reported is dated May 3, 2024.
When was this 8-K form filed with the SEC?
This 8-K form was filed on May 7, 2024.
In which state is Arista Networks incorporated?
Arista Networks is incorporated in Delaware.
What is the address of Arista Networks' principal executive offices?
The principal executive offices are located at 5453 Great America Parkway, Santa Clara, CA 95054.
Filing Stats: 666 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-07 16:10:05
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value ANET New York Stock Exchange
- $1.2 billion — mpany's board of directors authorized a $1.2 billion stock repurchase program (the "Repurcha
Filing Documents
- anet-20240503.htm (8-K) — 29KB
- ex991q124-earningsrelease.htm (EX-99.1) — 189KB
- 0001596532-24-000171.txt ( ) — 383KB
- anet-20240503.xsd (EX-101.SCH) — 2KB
- anet-20240503_def.xml (EX-101.DEF) — 14KB
- anet-20240503_lab.xml (EX-101.LAB) — 25KB
- anet-20240503_pre.xml (EX-101.PRE) — 15KB
- anet-20240503_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
ITEM 2.02 Results of Operations and Financial Condition On May 7, 2024, Arista Networks, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information and Exhibit 99.1 are intended to be furnished under Item 2.02, "Results of Operations and Financial Condition," and Item 9.01, "Financial Statements and Exhibits," of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Other Event
ITEM 8.01 Other Event On May 3, 2024, the Company's board of directors authorized a $1.2 billion stock repurchase program (the "Repurchase Program"). This authorization allows the Company to repurchase shares of its common stock at its discretion and will be funded from working capital. Repurchases may be made from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The Repurchase Program will expire in May 2027 and may be suspended or discontinued by the Company at any time without prior notice. The Repurchase Program does not obligate the Company to acquire any of its common stock. As of May 2, 2024, the Company had approximately 313.4 million shares of common stock outstanding.
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press release issued by Arista Networks, Inc. dated May 7, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARISTA NETWORKS, INC. May 7, 2024 /s/ CHANTELLE BREITHAUPT Chantelle Breithaupt Chief Financial Officer (Senior Vice President)