Evercore Picks Arista Networks as Tactical Outperform, Forecasts Q1 Beat
Evercore added Arista Networks to its Tactical Outperform list ahead of the May 5 Q1 report, projecting revenue of $2.61 billion and EPS of $0.81. The firm anticipates Q2 revenue above $2.78 billion, a raised full-year target above $11.25 billion, and cites new wins at Anthropic, Google and the XPO launch.
1. Evercore Upgrade Sets Expectations
Evercore added Arista Networks to its Tactical Outperform list ahead of the May 5 Q1 report, highlighting a beat-and-raise setup. The firm projects $2.61 billion in Q1 revenue with $0.81 EPS, expects Q2 sales above $2.78 billion, and plans to elevate the full-year target beyond $11.25 billion.
2. AI Demand and XPO Drive Momentum
Arista has secured incremental wins at Anthropic and Google beyond its traditional customer base and launched the XPO product in March. The shift from 800G to 1.6 terabit infrastructure is poised to accelerate AI applications, underpinning sustained enterprise demand.