Why Arista Networks Was Down 14% in February
Shares of Arista Networks (NYSE: ANET) fell 13.5% in February, according to data provided by S&P Global Market Intelligence. About half of this drop happened during the last week of the month, as the market indexes had their fastest 10% drop in history. Almost all stocks were caught up in the current, Arista Networks included.
But the other half of Arista Networks's drop came on Feb. 14 after it reported full-year 2019 results, which ended with declining revenue. The network company additionally provided guidance for 2020, or perhaps I should say lack of guidance. While management had some thoughts on the future, it said it wasn't able to provide specific guidance for the entire year ahead.
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Source Fool.com
