Arista Networks Inc. Stock Falls Wednesday, Underperforms Market

Silk Road Medical Inc

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Health Care : Health Care Equipment & Supplies | Small Cap Blend

Company profile

Silk Road Medical, Inc. is a medical device company, which is focused on reducing the risk of stroke and its devastating impact. The Company has discovered an approach for the treatment of carotid artery disease called TransCarotid Artery Revascularization (TCAR), which relies on two concepts: minimally invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain and combines the benefits of innovative endovascular techniques with fundamental surgical principles. The Company's ENROUTE Transcarotid Neuroprotection System (NPS) and ENROUTE Transcarotid Stent System are the products for use in TCAR. Its ENROUTE Transcarotid Stent System is placed during a period of temporary high-rate blood flow reversal, which is enabled by its ENROUTE Transcarotid NPS. It markets and sells its products in the United States through a direct sales organization consisting of approximately 64 sales representatives and 62 clinical support specialists.

Arista Networks Inc. Stock Falls Wednesday, Underperforms Market

4:37 pm ET November 9, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Arista Networks Inc. (ANET) shed 4.79% to $122.92 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's third consecutive day of losses. Arista Networks Inc. closed $25.65 short of its 52-week high ($148.57), which the company achieved on December 27th.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 1.91% to $224.51, Cisco Systems Inc. (CSCO) fell 1.57% to $43.91, and HP Inc. (HPQ) fell 3.64% to $27.80. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.

(END) Dow Jones Newswires

November 09, 2022 16:37 ET (21:37 GMT)