400G Keeps Pushing Arista Forward
The cloud computing revolution has transformed technology, and Arista Networks (NYSE: ANET) has been in a good position to take advantage of rising demand for cloud services. The company's open-source platform became popular early on in the cloud adoption cycle, and solid growth has kept the company's fundamentals moving upward for quite a while.
Coming into Thursday's second-quarter financial report, Arista shareholders expected to see continuing growth from the networking company. They weren't disappointed, as growth was stronger than most had foreseen, and things look promising for Arista for the foreseeable future.
Arista Networks' second-quarter results were solid. Revenue rose 17% to $608.3 million, which was a bit better than most of those following the stock had anticipated. Adjusted net income of $198.6 million was higher by 28% from year-ago levels, and the resulting adjusted earnings of $2.44 per share topped the consensus forecast among investors of $2.20 per share.
Quelle Fool.com
