Arista Stock Is Soaring Because Strong Earnings Came With a Stock Split, Buyback

Arista Networks banal is trading sharply higher successful precocious trading Monday aft the networking-hardware institution posted better-than-expected third-quarter results, and declared a four-for-one banal split, on with a caller $1 cardinal stock-buyback plan.

For the quarter, Arista (ticker: ANET) reported gross of $748.7 million, up 23.7% from a twelvemonth ago, 5.8% supra the June 4th level and up of the Street statement forecast astatine $737.9 million. Non-GAAP profits were $2.96 a share, up of statement astatine $2.73 a share. Under generally...