Arista Stock Is Surging. Upbeat Guidance Surprised Wall Street.

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Arista Networks stock is trading sharply higher Friday after the networking-equipment provider held a bullish meeting with analysts, offering guidance for 2023 revenue that was far above Street expectations.

Arista (ticker: ANET) set a revenue goal for 2023 of 25% growth to $5.5 billion, $500 million above the old Street consensus forecast for $5 billion. Arista sees a $50 billion total addressable market by 2027, up from an estimated $31 billion in 2023, and growing more than 20% a year through the end of that period.

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