‘Cloud titans’ Meta and Microsoft bring growth and risk to Arista Networks, analyst says

‘Cloud titans’ Meta and Microsoft bring growth and risk to Arista Networks, analyst says

ByCitiGist

Arista Networks Inc. is enjoying revenue growth fueled by the so-called “cloud titans” led by Meta Platforms Inc. and Microsoft Corp. But at least one analyst warns that this could be a double-edged sword for Arista. Cloud-software and data-center supplier Arista ANET, +3.37% reported third-quarter earnings and outlook that topped Wall Street’s relatively low consensus…

Arista Networks shares gain on sales, earnings beat and strong guidance

Arista Networks shares gain on sales, earnings beat and strong guidance

ByCitiGist

Arista Networks Inc. advanced in the extended session Monday after the networking company reported second-quarter results that topped Wall Street’s estimates. Shares of Arista Networks Inc. ANET, +0.84% rose about 5% after ending Monday’s session up 0.84%, to $117.61. The company reported second-quarter net income of $299.1 million, or 94 cents a share, compared with…