Arista Drops 5% on Q2 View, CFO Change; Buy the Drop, Say Bulls

Barron’s, By Tiernan Ray | May 15th, 2015 (Read article)

Shares of Arista Networks (ANET) are down $3.52, over 5%, at $65.39, after the company yesterday afternoon reported Q1 results that were comfortably ahead of the Street but forecast this quarter’s revenue slightly shy of consensus.

More concerning to some, the company announced it appointed a new chief financial officer, Ita Brennan, who takes over Monday from Andy Bechtolsheim, the company’s chairman, who had been serving in an interim capacity since April 2nd, when former CFO Kelyn Brannon abruptly departed for personal reasons.