Arista Networks, Inc. (NYSE:ANET) shares are trading higher Wednesday after the company posted strong first-quarter earnings and upbeat guidance. The Details: Arista Networks reported quarterly earnings of $1.99 per share which beat the analyst consensus estimate of $1.74 by 14.37%. Quarterly sales came in at $1.571 billion which beat the analyst consensus estimate and represents a 16.28% increase over sales from the same period last year. The company's board of directors authorized an additional $1.2 billion stock repurchase program.  Arista sees second-quarter revenue in a range of $1.62 billion to $1.65 billion, versus the $1.62 billion estimate.  “Arista is off to a strong start to 2024 with solid first quarter results,” said Jayshree Ullal, CEO of Arista Networks. “As we get ready to celebrate the 10th anniversary of our IPO in June, I am pleased ...