Arista Networks crushes Q3 earnings targets

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Arista Networks handily topped third quarter financial targets on Thursday. The networking player reported earnings of $168.5 million, or $2.08 a share, on revenue of $563.3 million, up 8 percent from a year ago. Non-GAAP earnings were $2.11 a share.

Wall Street was looking for non-GAAP earnings of $1.84 a share on revenue of $548.71 million.

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In terms of guidance, Arista is calling for sales of $582 million to $594 million for the fourth quarter. Wall Street was expecting sales of $586.2 million. Shares of Arista climbed nearly 7 percent after hours.

As a challenger to industry leader Cisco Systems, Santa Clara, Calif.-based Arista builds switches that handle traffic at Internet data centers for companies such

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