Why Arista Networks Stock Is Hopping Today
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.
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Source Fool.com
