Arista Networks gains after upbeat Q3 revenue forecast

Arista Networks

06/08/2025 10:22

** Shares of cloud networking firm Arista Networks ANET.N jump 12.5% to $132.84 premarket

** Co forecast Q3 revenue at $2.25 bln, above analysts' estimates of $2.11 bln - data compiled by LSEG

** Q2 revenue, profit beats expectations

** Increased AI spending driving demand for co's ethernet switches and routers, widely deployed in data centers

** J.P.Morgan raises PT on stock to $150 from $130; new PT close to 27% premium to last close

** J.P.Morgan says most demand drivers in relation to AI infrastructure deployment will continue; sees additional revenue opportunities in 2027

** Average rating of 27 analysts is a "buy", median PT at $120 - LSEG

** Stock up about 7% YTD, till last close

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))