Arista Networks Stock Rises After Strong AI Cloud Demand Powers Earnings, Outlook

Key TakeawaysArista Networks shares jumped in late trading on Tuesday after the cloud networking company topped quarterly estimates and provided a better-than-expected current-quarter outlook.The company's quarterly results were driven by growing demand for AI networking solutions that connect cloud and data center infrastructure.The company also announced a $1.2 billion share repurchase program.Monitor the$290 level where Arista shares may encounter resistance from a trendline linking a series of price ac ...