On September 15, Arista Networks rose 3.07% in regular trading, trading at 193.8 USD/share, with turnover of approximately $90.84 million. The stock rebounded after a steep 5.90% decline in the prior session, supported by multiple positive catalysts.

On the news front, S&P Dow Jones Indices previously announced that Arista Networks, along with Palo Alto Networks and SanDisk, will be added to the S&P 100 Index, with the change taking effect on September 21. The anticipated passive fund rebalancing demand is providing meaningful support to the share price. Additionally, Goldman Sachs recently initiated coverage with a Buy rating and a 12-month price target of $225, based on a 36x NTM+1Y forward P/E valuation, implying approximately 16% upside from current levels.

Arista Networks reported a strong Q2 with revenue of $3.04 billion, up 37.7% year-over-year, and adjusted EPS of $1.02, beating the consensus estimate of $0.89 by nearly 15%. The company guided Q3 revenue to approximately $3.3 billion, well above the $2.95 billion analyst consensus, driven by sustained AI-related networking demand.

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