Arista Stock Is Rising. Profits Topped Estimates.

Arista


Networks stock is gaining ground in late trading Monday after the networking-infrastructure provider posted better-than-expected results for the December quarter.

Arista (ticker: ANET) providers routers and other networking gear to cloud providers, with


Microsoft


(MSFT) and


Meta Platforms


(META) the company’s two largest customers. In the latest quarter, Meta was 25.5% of revenue, with Microsoft accounting for another 15%. In short, Arista continues to be a beneficiary of the growth in cloud-computing demand.