- Arista Networks (ANET) exceeded earnings and revenue expectations for the first quarter and revealed a new $1.2 billion share repurchase program.
- In response to this announcement, the company's stock soared by over 7% to 295.01 during after-hours trading.
- Analysts anticipate that Arista's revenue growth will decelerate to 12% in 2024 from the previous year's 34%, as the company focuses on investing in AI infrastructure.
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Arista Networks Announces Strong Q1 Results and $1.2 Billion Stock Buyback
May 8, 2024
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