Why Arista Networks Stock Is Sinking Today
Arista Networks (NYSE: ANET) stock is heading lower in Wednesday's trading. The networking technologies company's share price was down 7.3% as of 10:30 a.m. ET amid a 0.3% decline for the S&P 500 index and a 0.5% decline for the Nasdaq Composite index. Arista Networks reported its fourth-quarter results after the market closed yesterday, posting sales and earnings that came in better than Wall Street's estimates.