Arista Networks (ANET) PT Raised to $170 at Citi

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Arista Networks (ANET) Shares Gain on 'Strong Beat and Raise'

August 2, 2022 8:58 AM EDT

Shares of Arista Network (NASDAQ: ANET) are trading more than 5% higher in premarket trading on Tuesday after the companys Q3 revenue outlook topped consensus.

Arista reported an adjusted EPS of $1.08 on revenue of $1.05 billion to easily top the consensus of EPS of $0.91 on revenue of $979.1 million. Strong results were fueled by strong product revenues, which came in at $885.8 million, nearly 10% higher... More