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An Earnings Beat and an Upbeat AI Outlook Lifted Arista Networks Stock
ANETArista(ANET) Investopedia·2024-07-31 21:06

Key TakeawaysArista Networks shares finished 11% higher Wednesday after the cloud networking company reported better-than-expected earnings and lifted its full-year revenue outlook.Analysts said the company's Etherlink switch portfolio positions it to gain from the artificial intelligence boom.The company's guidance could be conservative, analysts said. Arista Networks (ANET) shares finished Wednesday up 11% after the cloud networking giant reported better-than-expected earnings and raised its outlook. The ...