Yahoo Finance Live anchor Julie Hyman breaks down the details around Avis Budget Group's (CAR) fourth-quarter revenue miss, Arista Networks (ANET) stock after posting a fourth-quarter beat, and ZoomInfo Technologies' (ZI) better-than-expected results. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Yahoo Finance Live anchor Julie Hyman breaks down the details around Avis Budget Group's (CAR) fourth-quarter revenue miss, Arista Networks (ANET) stock after posting a fourth-quarter beat, and ZoomInfo Technologies' (ZI) better-than-expected results.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Barrons.com
Arista Networks stock gave ground in late trading Monday, after the networking equipment company posted fourth-quarter results that edged Street estimates. Apparently, investors wanted more than Arista delivered. For the December quarter, Arista posted revenue of $1.54 billion, up 21% from a year earlier.
Barrons.com
Cadence Design Systems shares are heading lower in late trading after the provider of chip design software provided disappointing financial guidance for the first quarter. Cadence shares—like those of chief rival Synopsys—have been on the rise in recent months, buoyed by a view that semiconductor design software tools would get a boost from the aggressive growth in the market for chips targeted at artificial intelligence software workloads. Profits on an adjusted basis were $1.38 a share, above the guidance range of $1.30 to $1.36 a share, and ahead of consensus at $1.34 a share.