Arista Networks shares rise as earnings, outlook beat

Arista Networks Inc. shares rose in the extended session Thursday after the cloud-network software company topped Wall Street estimates for the quarter. Arista shares rose 5.9% to $67.53 after hours. The company reported adjusted first-quarter earnings of 68 cents a share on revenue of $242.2 million. Analysts surveyed by FactSet had forecast earnings of 61 cents a share on revenue of $237.6 million. For the second quarter, Arista estimated revenue of $259 million to $265 million, while analysts are looking for $253.6 million.

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