Where Will Arista Networks Stock Be in 3 Years?
Arista Networks (NYSE: ANET) is a key player in the cloud computing industry, as its networking components and software offerings enable fast data transmission in data centers. The company is now benefiting from the heavy investments in artificial intelligence (AI) infrastructure.
This explains why Arista's latest results for the second quarter turned out to be better than Wall Street's expectations. Arista stock shot up more than 17% following the release of its quarterly results on Aug. 5. Arista didn't just beat expectations -- it also raised its full-year revenue guidance substantially.
Arista's latest pop brings the stock's gains over the past three years to a whopping 360% as of this writing. However, will the company be able to sustain this impressive momentum over the next three years as well? Let's find out.
Source Fool.com
