Arista Networks Stock Rises After Strong AI Cloud Demand Powers Earnings, Outlook
ANETArista(ANET) Investopedia·2024-05-08 10:55

Key Takeaways Arista Networks shares jumped in late trading on Tuesday after the cloud networking company topped quarterly estimates and provided a better-than-expected current-quarter outlook. The company's quarterly results were driven by growing demand for AI network ing solutions that connect cloud and data center infrastructure. The company also announced a 1.2billionsharerepurchaseprogram.Monitorthe1.2 billion share repurchase program. Monitor the 290 level where Arista shares may encounter resistance from a trendline linking a series of pri ...