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Your Storage Space Earnings Playbook

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Arista Networks NYSE:ANET, Infinera Corporation NASDAQ:INFN - Your Storage Space Earnings Playbook

Citi released an earnings preview of various storage companies amid a weak PC market eating in to HDD sales and the market is shifting to SSDs.

Following is a brief preview from Citi analyst Stanley Kovler on various companies operating in the storage space.

"We expect ANET to post in-line or better results on revenue of $237 million, down 3.3 percent q/q, up 32.5 percent y/y, in-line with the Street consensus, and at the midpoint of guidance ($232–240 million)."

The analyst said the results would be likely beriven by Tomahawk-based data center switch upgrades by "Webscale customers that we expect to continue in to 2H led by new 7500R spine upgrades to 100Gbps spines."

"We model Q1 EPS of $0.61, down 24 percent q/q, up 21 percent y/y and in-line with Street consensus on gross margin of 63.6 percent, down 40 bps q/q, 150 bps y/y, 50 bps below Street consensus, and...


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