Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Is Why Arista Networks Stock Fell Today

TheMotleyFool

0 0

This Is Why Arista Networks Stock Fell Today

Shares of cloud-based network specialist Arista Networks (NYSE: ANET) fell on Wednesday, after the company reported results for the second quarter of 2020. As of 12:30 p.m. EDT, the stock was down 10%.

Arista Networks beat expectations on both the top and bottom lines, which was encouraging. But it's possible third-quarter guidance caused investors to take some short-term profits off the table. The stock was previously up 30% for 2020 and up around 70% from where it bottomed back in March.