Why Arista Networks Stock Rallied on Wednesday
ANETArista(ANET) The Motley Fool·2024-05-09 02:03

The data-center switching company rallied after Q1 earnings and guidance allayed recent fears. Shares of data-center switch company Arista Networks (ANET 7.27%) rallied on Wednesday, gaining 7.2% as of 12:14 p.m. ET. Arista reported its first-quarter earnings last night, and they came in stronger than expected. Solid guidance and positive commentary around the company's artificial intelligence (AI) opportunity also quelled recent fears over competition. Management remains confident in AI In the first quarte ...