Arista Networks stock is trading sharply higher in Tuesday premarket trading after the networking-hardware company posted better-than-expected third-quarter results Monday, and declared a four-for-one stock split, along with a new $1 billion stock-buyback plan.

For the quarter, Arista (ticker: ANET) reported revenue of $748.7 million, up 23.7% from a year ago, 5.8% above the June quarter level and ahead of the Street consensus forecast at $737.9 million. Non-GAAP profits were $2.96 a share, ahead of consensus at $2.73 a share….


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