Arista Networks Inc's shares are trading higher after the company reported better-than-expected Q2 financial results, with a 38.7% YoY increase in revenue to $1.459 billion, beating the consensus estimate of $1.38 billion. The company also reported quarterly earnings of $1.58 per share, surpassing analyst estimates of $1.44 per share. Several analysts have raised their price targets on the stock following these results.