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Arista forecasts upbeat quarterly revenue on AI-driven networking demand
['Tue', 'August', 'At Pm Gmt', 'Min Read']
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Aug 4 (Reuters) - Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its networking gear as companies expand their AI infrastructure.
The company has been expanding beyond its core cloud customer base into enterprise campus and branch networking to diversify its revenue.
Here are some details:• Shares were up 3% after the bell.
• Arista, which makes the high-speed computer networking equipment that powers big data centers for customers like Microsoft and Amazon, forecast third-quarter revenue of $3.3 billion, above analysts' average estimate of $2.94 billion, according to LSEG data.
(Reporting by Nithyashree R B in Bengaluru; Editing by Sriraj Kalluvila)