Why Arista Networks Stock Is Skyrocketing Wednesday

Arista Networks Inc. (NYSE:ANET) reported better-than-expected second-quarter financial results after markets closed on Tuesday.

Revenues increased 30.4% year over year $2.21 billion, versus estimates of $2.11 billion and the management guidance of $2.1 billion.

Adjusted EPS jumped to 73 cents from 53 cents a year ago, versus estimates of 65 cents. Gross margin was 65.2% in the second quarter.

Also Read: Arista Rallies On Strong Q2 Beat, Bullish Analysts Praise $10 Billion Revenue Goal In 2026

Arista’s CFO, Chantelle Breithaupt, said, “Non-GAAP operating income crossed $1 billion ...