Arista Networks Raises Revenue And AI Forecasts

Arista Networks said on Feb. 13 that Piper Sandler raised its price target to $175 from $159 and kept an Overweight rating after quarterly results beat estimates. The company reported $0.82 EPS versus $0.76 expected and $2.49 billion revenue versus $2.38 billion, and raised annual growth guidance to 25% while increasing AI revenue forecast by $500 million to $3.25 billion.