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Why Arista Networks Stock Is Hopping Today

TheMotleyFool

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Why Arista Networks Stock Is Hopping TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Artificial intelligence (AI)-focused computer networking equipment manufacturer Arista Networks (NYSE: ANET) stock soared 15.7% through 10:10 a.m. Wednesday after the company beat soundly on earnings last night.

Heading into the company's Q2 report, analysts forecast Arista would earn $0.65 per share, adjusted for one-time items, on $2.1 billion in sales. In fact, Arista earned $0.73 per share and its sales were $2.2 billion.

Image source: Getty Images.

Source Fool.com

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