Arista Networks Crushes Earnings Expectations, Ignites Stock Surge

Arista Networks reported better-than-expected second-quarter earnings, causing its stock to rise as its outlook exceeded expectations. The company's earnings per share climbed 46% to $1.58, while revenue jumped 39% to $1.46 billion. Arista's biggest customers, Microsoft and Meta Platforms, had caused investor concerns over their capital spending plans. Arista's CFO stated that despite reduced visibility, the company is executing well and expects year-over-year growth of over 30%. Arista's stock rose nearly 10% in after-hours trading.