Published on 3 Feb 2023 on Market Watch
Arista Networks Inc. stock falls Friday, underperforms market
Shares of Arista Networks Inc. slid 1.11% to $131.96 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.04% to 4,136.48 and Dow Jones Industrial Average falling 0.38% to 33,926.01. The stock's fall snapped a three-day winning streak. Arista Networks Inc. closed $11.61 below its 52-week high ($143.57), which the company achieved on April 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Lantronix Inc. fell 1.70% to $5.19, Silicom Ltd. fell 1.03% to $40.33, and HP Inc. fell 0.91% to $30.51. Trading volume (2.1 M) eclipsed its 50-day average volume of 2.0 M.