Arista Networks Inc. Stock Falls Monday, Underperforms Market
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Shares of Arista Networks Inc. (ANET) slid 0.64% to $134.61 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. The stock's fall snapped a two-day winning streak. Arista Networks Inc. closed $13.96 short of its 52-week high ($148.57), which the company achieved on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 0.34% to $242.05, Cisco Systems Inc. (CSCO) fell 0.36% to $47.62, and HP Inc. (HPQ) fell 1.09% to $29.16. Trading volume (1.3 M) remained 1.2 million below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.
(END) Dow Jones Newswires
November 21, 2022 16:37 ET (21:37 GMT)
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