Arista Networks Inc. Stock Rises Friday, Outperforms Market
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Shares of Arista Networks Inc. (ANET) rose 7.21% to $131.07 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.36% to 3,770.55 and the Dow Jones Industrial Average rising 1.26% to 32,403.22. The stock's rise snapped a two-day losing streak. Arista Networks Inc. closed $17.50 short of its 52-week high ($148.57), which the company reached on December 27th.
The stock outperformed some of its competitors Friday, as Microsoft Corp. (MSFT) rose 3.33% to $221.39, Cisco Systems Inc. (CSCO) rose 1.53% to $44.52, and HP Inc. (HPQ) rose 6.11% to $28.29. Trading volume (4.0 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 4, 2022.
(END) Dow Jones Newswires
November 04, 2022 16:37 ET (20:37 GMT)
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