RBC Capital lowers Procter & Gamble target price to $167
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AI infrastructure demand surges, Arista’s revenue growth sets ten-year record since listing, shares soar 10% after hours
Arista Networks has delivered its most impressive quarterly report since its IPO ten years ago: third-quarter revenue surged 58.5% year-on-year to $3.66 billion, marking the fastest annual growth since its IPO in 2014. This signifies that AI-driven demand for network infrastructure has entered an accelerated release phase. Additionally, fourth-quarter guidance is set at a midpoint of $3.95 billion, surpassing analysts’ previous expectations of $3.6 billion.
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