Arista Networks (ANET) shares rose about 5% on Wednesday, Nov. 4, after the company reported better-than-expected third-quarter earnings and issued an upbeat forecast for the current quarter. The results showed that demand for networking equipment remains strong as technology companies continue spending billions of dollars on AI data centers. Arista reported adjusted earnings of $1. 20 per share, beating analysts’ expectations of $1. 08.
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