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.

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Source Fool.com