Arista forecasts upbeat quarterly revenue on AI-driven networking demand

Aug 4 (Reuters) - ‌Arista Networks ​forecast ​third-quarter revenue above Wall Street estimates on Tuesday, betting ‌on strong demand for its networking ⁠gear as companies expand their AI ‌infrastructure.

The company has been ‌expanding beyond its core cloud customer base into enterprise campus and ​branch networking to diversify its revenue.

Here are some details:

• Shares ⁠were up 3% after the bell.

• Arista, which makes ​the high-speed computer networking equipment that powers big data centers ​for customers like Microsoft ‌and Amazon, forecast third-quarter revenue of $3.3 billion, above analysts' ⁠average estimate of $2.94 billion, according to LSEG data.

• The company also beat ⁠second-quarter expectations, posting revenue of $3.04 billion and ​adjusted earnings per share of $1.02, above analysts' estimate of $2.82 billion and 88 cents per ‌share, respectively

• It forecast third-quarter adjusted earnings per share ‌in the range of $1.06 to $1.08, ⁠also above estimate ‌of 91 ​cents.

(Reporting by Nithyashree R B in Bengaluru; Editing by Sriraj ‌Kalluvila)

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