Simon from RB board posted this news and thought someone here may be interested in this news.
Shares of networker Arista Networks (ANET) are surging, up $5.52, over 9%, at $65.52, following headlines from Bloomberg that the company has received a favorable ruling from the International Trade Commission over the matter of whether Arista has infringed on patents of Cisco Systems (CSCO), as the latter has alleged.`
ANET had amazing growth so far, if the news turns out to be true, with the huge overhang removed, the company will have a bright future. The stock, however, is tading at pe of 70 (according to Google Finance), quite expensive. It may need several blowout quarters to grow into this valuation.