Why Arista Networks Stock Popped Today
Shares of Arista Networks (NYSE: ANET), a cloud computing networking-solutions company, rose today after the company reported better-than-expected, third-quarter financial results and issued solid fourth-quarter guidance.
The tech stock climbed higher through much of today's trading and was up by 5.6% at the end of the day.
Arista's Q3 revenue increased 57% from the year-ago quarter to $1.17 billion, which outpaced analysts' consensus estimate of $1.06 billion.
Source Fool.com
