On November 4, Arista Networks rose 9.17% in Pre-Market Trading, trading at $188.7051 per share, with turnover of $1.5801 million.

The move followed a quarterly report that exceeded market expectations and a fourth-quarter outlook that also came in above consensus.

Arista Networks reported third-quarter adjusted EPS of $1.20 on revenue of $3.66 billion, compared with market expectations of $1.08 and $3.33 billion. For the fourth quarter, the company guided adjusted EPS to $1.26-$1.30 and revenue to $3.9-$4.0 billion, above expectations of $1.15 and $3.60 billion. The company also said year-over-year revenue growth reached its highest level since its IPO, while profitability hit a record high, reinforcing the earnings-driven explanation for the stock's advance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)