Why Arista Networks Stock Is Skyrocketing Wednesday
1. Arista Networks' Q2 revenue rose 30.4% to $2.21 billion. 2. Adjusted EPS jumped to 73 cents, beating estimates of 65 cents. 3. CFO announced $1 billion in non-GAAP operating income, a first for Arista. 4. Q3 guidance suggests sales of $2.25 billion, exceeding analyst expectations. 5. Analysts raised price forecasts significantly, reflecting strong positive sentiment.