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Arista Networks, Inc. upgraded to “Strong Buy” in my previous article published in March 2024. The company beats market expectations with mid-teen revenue growth driven by data center and AI investments. Expansion into Etherlink AI and security networks is crucial for future growth, despite competition risks from Nvidia's InfiniBand.

Arista Networks' networking technology is proving invaluable to AI data centers. Artificial intelligence-related revenue, in fact, is the chief reason this company was able to top its Q2 estimates.

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Innovative product launches and steady customer additions backed by the best-in-class portfolio strength help Arista (ANET) to beat second-quarter 2024 earnings estimates.

Arista Networks, Inc. (NYSE:ANET ) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Liz Stine - Director of Investor Relations Jayshree Ullal - Chairperson & Chief Executive Officer Ashwin Kohli - Chief Customer Officer Chantelle Breithaupt - Chief Financial Officer Conference Call Participants Michael Ng - Goldman Sachs Aaron Rakers - Wells Fargo Meta Marshall - Morgan Stanley Atif Malik - Citi Antoine Chkaiban - New Street Research Amit Daryanani - Evercore ISI Tal Liani - Bank of America George Notter - Jefferies Samik Chatterjee - JPMorgan Karl Ackerman - BNP Paribas Ben Bollin - Cleveland Research Company Alex Henderson - Needham James Fish - Piper Sandler Ittai Kidron - Oppenheimer Simon Leopold - Raymond James Tim Long - Barclays Sebastian Naji - William Blair David Vogt - UBS Operator Welcome to the Second Quarter 2024 Arista Networks Financial Results Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorde

Arista Networks (ANET) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.58 per share a year ago.

Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, anticipating strong demand for its networking gear from cloud computing companies and artificial intelligence applications.

Arista reported Q2 earnings and revenue that topped analyst estimates but the size of the beat and guidance may have left some investors underwhelmed.

The artificial intelligence era is proving to be quite lucrative for big data companies. In addition to providers of data storage services, firms that specialize in analyzing huge amounts of unstructured data are getting a big boost from the proliferation of AI.

Arista (ANET) is expected to report higher revenues from the Service segment, driven by healthy traction of its unified software stack among enterprise customers.