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Cloud Networking Strength Lifts Arista Skyward

Data centers have become increasingly important for companies to be able to collect and analyze the information they have about their businesses. Arista Networks (NYSE: ANET) has gone up against some true giants of the technology sector , but its claim to fame has been the flexibility that its use of open-source software offers to its clients. That stands in stark contrast to some competitors, which have sought to capture customers in proprietary platforms that make it difficult to switch providers later.

Coming into Thursday's second-quarter financial report, Arista shareholders fully expected the company to keep taking advantage of the boom in cloud computing with stronger results. Yet even bullish investors were surprised at how well Arista did. Let's take a closer look at Arista Networks and what its latest results mean for the rest of the year and beyond.

Image source: Arista Network.

Arista keeps growing

Arista Networks' second-quarter results were extremely strong. Revenue climbed by more than half to $405.2 million, crushing projections among those following the stock for just $360 million in sales. Adjusted net income nearly doubled from year-ago levels, and adjusted earnings of $1.34 per share dramatically surpassed the consensus forecast among investors for $0.95 per share on the bottom line.

Looking more closely at Arista's numbers, the fundamental strength that the tech company has seen lately...


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