The networking equipment manufacturer’s adjusted earnings per share for the third quarter reached $1.20, topping the $1.08 expectation from analysts. Arista’s revenue for the period climbed 58.5% from a year earlier to $3.66B, which surpassed the $3.33B forecast. The company noted that the result marked its fastest rate of year-over-year growth since its initial public offering in 2014, contributing to a 6% rise in share price.
For the fourth quarter, Arista raised its outlook to between $3.9B and $4.0B for revenue, above the $3.6B estimated by the market. The firm also projected adjusted EPS of $1.26 to $1.30, compared to an analyst estimate of $1.15. Alongside its financial results, the company announced its inclusion in the S&P 100 index and the launch of new Open Ethernet Architectures that can support 1,024 XPUs.