ANET won favorite ruling from ITC

Simon from RB board posted this news and thought someone here may be interested in this news.……
In essence,
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.