Arista Networks' fourth-quarter financial report was particularly strong.

Arista Networks' fourth-quarter earnings report exceeded Wall Street expectations across the board. The company's earnings per share were US$0.65, topping the consensus of US$0.57; quarterly total revenue reached US$1.93 billion, topping the consensus of US$1.9 billion, up 25% year-on-year. The company forecasted first-quarter 2025 revenue of US$1.95 billion, topping analysts' consensus of US$1.9 billion. Arista primarily sells computer network switches for communication in internet data centers, its largest customers being Microsoft and Meta. Analysts broadly expect the company's stock to be boosted this year due to customers' investments in AI infrastructure. As demand for internet data centers grows and running AI workloads increases the demand for network bandwidth, Arista Networks' market outlook is bright. Arista recently saw a rise in its share in the enterprise market, including large companies, government agencies, and educational institutions. The stock has risen 71% in the past 12 months, benefiting from the explosive growth of data centers.