Investing.com -- Arista Networks reported Tuesday upbeat guidance for the current quarter following fourth-quarter results that topped Wall Street estimates as the rise of AI continued to fuel networking equipment demand.
Arista Networks (NYSE:ANET) rose more than 3% in afterhours trading following the report.
For the three months ended Dec. 31, the company reported adjusted earnings per diluted share of $0.65 on revenue of $1.93 billion, topping estimates for $0.57 a share and $1.90B, respectively.
"We delivered exceptional financial performance in Q4, exceeding our guidance on all key metrics," the company said.
For fiscal Q1, the California-based firm forecast revenue in range of $1.93B to $1.97B, compared with estimates for $1.91B.