Arista Networks Inc. Stock Falls Thursday, Underperforms Market
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Shares of Arista Networks Inc. (ANET) slipped 2.23% to $122.25 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.06% to 3,719.89 and Dow Jones Industrial Average falling 0.46% to 32,001.25. This was the stock's second consecutive day of losses. Arista Networks Inc. closed $26.32 below its 52-week high ($148.57), which the company reached on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 2.66% to $214.25, Cisco Systems Inc. (CSCO) fell 1.62% to $43.85, and HP Inc. (HPQ) fell 1.19% to $26.66. Trading volume (2.1 M) remained 179,131 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.
(END) Dow Jones Newswires
November 03, 2022 16:37 ET (20:37 GMT)
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