Subtext

Arista Networks Inc ANET

SectorInformation Technology
Transcripts44
Date range2014-08-07 – 2025-05-06
Calls charted44

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-11-5+0+5+112014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42014 Q2 · Overall: -0.92014 Q3 · Overall: +1.02014 Q4 · Overall: -1.82015 Q1 · Overall: +0.72015 Q2 · Overall: +0.92015 Q3 · Overall: -1.22015 Q4 · Overall: -6.22016 Q1 · Overall: +2.12016 Q2 · Overall: +2.22016 Q3 · Overall: -1.82016 Q4 · Overall: +4.42017 Q1 · Overall: +2.82017 Q2 · Overall: +1.22017 Q3 · Overall: -0.82017 Q4 · Overall: +1.52018 Q1 · Overall: +3.72018 Q2 · Overall: +0.82018 Q3 · Overall: +0.92018 Q4 · Overall: +5.02019 Q1 · Overall: -0.92019 Q2 · Overall: +2.42019 Q3 · Overall: -4.82019 Q4 · Overall: -4.52020 Q1 · Overall: -0.92020 Q2 · Overall: +1.52020 Q3 · Overall: +2.12020 Q4 · Overall: +1.62021 Q1 · Overall: +1.82021 Q2 · Overall: +3.02021 Q3 · Overall: +1.82021 Q4 · Overall: +3.72022 Q1 · Overall: +0.62022 Q2 · Overall: +1.52022 Q3 · Overall: +2.02022 Q4 · Overall: +7.72023 Q1 · Overall: +5.32023 Q2 · Overall: +3.12023 Q3 · Overall: +9.22023 Q4 · Overall: +4.72024 Q1 · Overall: -2.12024 Q2 · Overall: +5.62024 Q3 · Overall: +6.42024 Q4 · Overall: +7.82025 Q1 · Overall: +4.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-17-9+0+9+172014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42014 Q2 · CEO: +5.52014 Q3 · CEO: +6.32014 Q4 · CEO: +5.22015 Q1 · CEO: +6.02015 Q2 · CEO: +8.02015 Q3 · CEO: +5.02015 Q4 · CEO: +5.62016 Q1 · CEO: +6.22016 Q2 · CEO: +6.82016 Q3 · CEO: +1.02016 Q4 · CEO: +11.12017 Q1 · CEO: +10.22017 Q2 · CEO: +7.02017 Q3 · CEO: +4.02017 Q4 · CEO: +5.72018 Q1 · CEO: +11.62018 Q2 · CEO: +6.12018 Q3 · CEO: +3.52018 Q4 · CEO: +8.82019 Q1 · CEO: +9.12019 Q2 · CEO: +4.72019 Q3 · CEO: +0.82019 Q4 · CEO: +3.22020 Q1 · CEO: +5.72020 Q2 · CEO: +12.32020 Q3 · CEO: +7.82020 Q4 · CEO: +7.52021 Q1 · CEO: +4.52021 Q2 · CEO: +9.42021 Q3 · CEO: +9.42021 Q4 · CEO: +9.92022 Q1 · CEO: +6.92022 Q2 · CEO: +8.92022 Q3 · CEO: +8.72022 Q4 · CEO: +15.02023 Q1 · CEO: +14.92023 Q2 · CEO: +9.52023 Q3 · CEO: +14.22023 Q4 · CEO: +8.72024 Q1 · CEO: +6.92024 Q2 · CEO: +8.92024 Q3 · CEO: +7.02024 Q4 · CEO: +10.62025 Q1 · CEO: +6.22014 Q2 · CFO: +0.82014 Q3 · CFO: +5.22014 Q4 · CFO: +1.22015 Q1 · CFO: +4.52015 Q2 · CFO: +5.12015 Q3 · CFO: +2.72015 Q4 · CFO: +0.02016 Q1 · CFO: +7.92016 Q2 · CFO: +6.12016 Q3 · CFO: +2.22016 Q4 · CFO: +8.22017 Q1 · CFO: +6.92017 Q2 · CFO: +3.72017 Q3 · CFO: +4.32017 Q4 · CFO: +10.82018 Q1 · CFO: +8.12018 Q2 · CFO: +4.42018 Q3 · CFO: +3.32018 Q4 · CFO: +12.42019 Q1 · CFO: +4.12019 Q2 · CFO: +7.12019 Q3 · CFO: +0.02019 Q4 · CFO: -4.12020 Q1 · CFO: +0.62020 Q2 · CFO: +0.72020 Q3 · CFO: +5.62020 Q4 · CFO: +3.22021 Q1 · CFO: +5.62021 Q2 · CFO: +6.32021 Q3 · CFO: +2.42021 Q4 · CFO: +4.82022 Q1 · CFO: +4.52022 Q2 · CFO: +6.62022 Q3 · CFO: +0.92022 Q4 · CFO: +7.42023 Q1 · CFO: +10.52023 Q2 · CFO: +9.42023 Q3 · CFO: +11.72023 Q4 · CFO: +10.52024 Q1 · CFO: +6.62024 Q2 · CFO: +8.32024 Q3 · CFO: +14.92024 Q4 · CFO: +14.72025 Q1 · CFO: +13.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-41-21+0+21+412014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42014 Q2 · Prepared remarks: +35.72014 Q3 · Prepared remarks: +11.72014 Q4 · Prepared remarks: +2.72015 Q1 · Prepared remarks: +22.72015 Q2 · Prepared remarks: +19.72015 Q3 · Prepared remarks: +16.12015 Q4 · Prepared remarks: +30.32016 Q1 · Prepared remarks: +9.92016 Q2 · Prepared remarks: +9.22016 Q3 · Prepared remarks: +9.92016 Q4 · Prepared remarks: +9.22017 Q1 · Prepared remarks: +13.32017 Q2 · Prepared remarks: +10.12017 Q3 · Prepared remarks: +6.12017 Q4 · Prepared remarks: +11.32018 Q1 · Prepared remarks: +10.42018 Q2 · Prepared remarks: +7.42018 Q3 · Prepared remarks: +12.82018 Q4 · Prepared remarks: +13.02019 Q1 · Prepared remarks: +7.12019 Q2 · Prepared remarks: +9.52019 Q3 · Prepared remarks: +4.82019 Q4 · Prepared remarks: +7.02020 Q1 · Prepared remarks: +1.42020 Q2 · Prepared remarks: +4.92020 Q3 · Prepared remarks: +6.62020 Q4 · Prepared remarks: +6.32021 Q1 · Prepared remarks: +6.52021 Q2 · Prepared remarks: +9.52021 Q3 · Prepared remarks: +6.92021 Q4 · Prepared remarks: +12.32022 Q1 · Prepared remarks: +9.72022 Q2 · Prepared remarks: +12.92022 Q3 · Prepared remarks: +10.52022 Q4 · Prepared remarks: +14.02023 Q1 · Prepared remarks: +14.62023 Q2 · Prepared remarks: +11.52023 Q3 · Prepared remarks: +17.72023 Q4 · Prepared remarks: +17.02024 Q1 · Prepared remarks: +11.52024 Q2 · Prepared remarks: +15.22024 Q3 · Prepared remarks: +13.42024 Q4 · Prepared remarks: +20.52025 Q1 · Prepared remarks: +14.42014 Q2 · Q&A responses: +2.62014 Q3 · Q&A responses: +3.42014 Q4 · Q&A responses: +3.52015 Q1 · Q&A responses: +4.12015 Q2 · Q&A responses: +4.62015 Q3 · Q&A responses: +1.62015 Q4 · Q&A responses: +1.12016 Q1 · Q&A responses: +5.02016 Q2 · Q&A responses: +5.52016 Q3 · Q&A responses: -2.32016 Q4 · Q&A responses: +8.72017 Q1 · Q&A responses: +2.82017 Q2 · Q&A responses: +1.52017 Q3 · Q&A responses: +1.92017 Q4 · Q&A responses: +4.12018 Q1 · Q&A responses: +8.32018 Q2 · Q&A responses: +4.72018 Q3 · Q&A responses: -1.82018 Q4 · Q&A responses: +7.82019 Q1 · Q&A responses: +7.42019 Q2 · Q&A responses: +4.22019 Q3 · Q&A responses: -1.82019 Q4 · Q&A responses: -2.82020 Q1 · Q&A responses: +1.72020 Q2 · Q&A responses: +9.32020 Q3 · Q&A responses: +7.12020 Q4 · Q&A responses: +4.22021 Q1 · Q&A responses: +6.92021 Q2 · Q&A responses: +6.52021 Q3 · Q&A responses: +5.02021 Q4 · Q&A responses: +7.22022 Q1 · Q&A responses: +4.62022 Q2 · Q&A responses: +3.22022 Q3 · Q&A responses: +4.22022 Q4 · Q&A responses: +9.12023 Q1 · Q&A responses: +9.72023 Q2 · Q&A responses: +5.52023 Q3 · Q&A responses: +11.52023 Q4 · Q&A responses: +0.02024 Q1 · Q&A responses: +5.82024 Q2 · Q&A responses: +5.32024 Q3 · Q&A responses: +5.02024 Q4 · Q&A responses: +5.82025 Q1 · Q&A responses: +3.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.09$1.18$2.462014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42014 Q2: $0.092014 Q3: $0.092014 Q4: $0.102015 Q1: $0.122015 Q2: $0.142015 Q3: $0.152015 Q4: $0.162016 Q1: $0.172016 Q2: $0.192016 Q3: $0.202016 Q4: $0.212017 Q1: $0.242017 Q2: $0.282017 Q3: $0.332017 Q4: $0.382018 Q1: $0.452018 Q2: $0.482018 Q3: $0.512018 Q4: $0.562019 Q1: $0.602019 Q2: $0.622019 Q3: $0.652019 Q4: $0.562020 Q1: $0.552020 Q2: $0.562020 Q3: $0.582020 Q4: $0.612021 Q1: $0.652021 Q2: $0.682021 Q3: $0.722021 Q4: $0.862022 Q1: $0.942022 Q2: $0.992022 Q3: $1.112022 Q4: $1.362023 Q1: $1.492023 Q2: $1.602023 Q3: $1.662023 Q4: $1.812024 Q1: $1.942024 Q2: $2.122024 Q3: $2.28

Forward P/E

16.8539.8462.832014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42014 Q2: 50.712014 Q3: 59.662014 Q4: 42.002015 Q1: 40.352015 Q2: 39.702015 Q3: 26.032015 Q4: 27.942016 Q1: 20.632016 Q2: 24.052016 Q3: 25.682016 Q4: 29.142017 Q1: 33.422017 Q2: 34.332017 Q3: 33.372017 Q4: 37.032018 Q1: 41.242018 Q2: 36.232018 Q3: 32.962018 Q4: 22.552019 Q1: 30.212019 Q2: 24.522019 Q3: 23.892019 Q4: 22.322020 Q1: 20.022020 Q2: 25.062020 Q3: 21.982020 Q4: 29.282021 Q1: 27.922021 Q2: 33.812021 Q3: 31.042021 Q4: 40.312022 Q1: 33.212022 Q2: 23.452022 Q3: 27.482022 Q4: 24.082023 Q1: 25.762023 Q2: 26.342023 Q3: 28.332023 Q4: 31.712024 Q1: 36.222024 Q2: 40.232024 Q3: 39.66

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -2.8 fwd EPS ↑ +0.01 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -2.1 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -5.0 fwd EPS ↑ +0.01 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -4.0 fwd EPS ↑ +0.01 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.0 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -2.9 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -5.9 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -7.2 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↑ +3.6 fwd EPS ↓ -0.01 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -3.0 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -2.4 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -2.2 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -4.5 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -6.8 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+4.1——View →
2024 Q42025-02-18+7.8——View →
2024 Q32024-11-07+6.4$2.2839.7View →
2024 Q22024-07-30+5.6$2.1240.2View →
2024 Q12024-05-07-2.1$1.9436.2View →
2023 Q42024-02-12+4.7$1.8131.7View →
2023 Q32023-10-30+9.2$1.6628.3View →
2023 Q22023-07-31+3.1$1.6026.3View →