There's a lot to like about Arista Networks (NYSE: ANET) right now. After a few years of slumber, the data center and networking equipment designer is in high-growth mode again. Second-quarter 2022 financials blew past estimates, driven by the company's innovation in data center solutions.

Of course, Arista is getting extra lift right now from a boom in data center construction. Old hardware is in need of a technological upgrade. Sooner or later, though, this upgrade cycle will lose steam. Is Arista stock still a buy right now?

The advent of cloud software powered by artificial intelligence (AI), increases in video content on the internet, and work-from-home have set off a boom in data center construction, especially in the U.S. Arista Network's "cloud titan" customers are particularly busy right now. Both Microsoft and Meta Platforms are expected to represent more than 10% of Arista's revenue this year.

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Source Fool.com