TMTB: ANET CFLT MTCH LYFT First takes

ANET: Mixed with small top line but strong EPS/ 1.2B buyback

Top line of $1.57 (16% growth) missed more bullish bogeys of $1.6B, but EPS and operating margin better and Operating margin guide better at 44% vs street at 43% for next q

Not seeing an update to FY estimates yet — potentially on the call.

“Arista is off to a strong start to 2024 with solid first quarter results,” said Jayshree Ullal, Chairperson and CEO of Arista Networks. “As we get ready to celebrate the 10th anniversary of our IPO in June, I am pleased with our progress in the Arista 2.0 journey as seen in breakthrough innovations, customer traction and building our next generation leaders.”

$ANET RESULTS: Q1
ADJ EPS $1.99 vs. $1.43 y/y, EST $1.73
Revenue $1.57B, +16% y/y, EST $1.55B
ADJ gross margin 64.2% vs. 60.3% y/y
GUIDANCE: Q2
Guides revenue $1.62B to $1.65B, EST $1.62B

CPNG:

Q1 Results
Net revenue $7.11B, +23% y/y, EST $6.95B
Retail net sales $5.90B, +13% y/y, EST $5.75B
ADJ EBITDA $281M, +17% y/y, EST $283.3M
Operating profit …