Why Arista Networks Stock Sank Today

Shares of Arista Networks (NYSE: ANET) fell more than 10% on Friday following the company's second-quarter results and subsequent conference call.

Arista's Q2 results were solid. Revenue rose 17% year over year to $608.3 million. That was slightly above Wall Street's estimates for $606.8 million. 

Better still, the company's non-GAAP (adjusted) net income jumped 28% to $198.6 million, or $2.44 per share. The figure was well above analysts' expectations for adjusted EPS of $2.20. 

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