Arista Networks Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Arista Networks Inc. (ANET) inched 0.85% higher to $137.19 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. This was the stock's second consecutive day of gains. Arista Networks Inc. closed $11.38 below 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 Wednesday, as Microsoft Corp. (MSFT) rose 1.04% to $247.58, Cisco Systems Inc. (CSCO) rose 0.39% to $48.57, and HP Inc. (HPQ) rose 1.80% to $29.91. Trading volume (1.5 M) remained 964,167 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 16:37 ET (21:37 GMT)
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