Published on 26 Jan 2023 on Market Watch
Arista Networks Inc. stock rises Thursday, outperforms market
Shares of Arista Networks Inc. rose 2.02% to $123.99 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. Arista Networks Inc. closed $19.58 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 Thursday, as Lantronix Inc. rose 5.91% to $4.66, Silicom Ltd. fell 0.13% to $47.20, and HP Inc. rose 1.12% to $29.01. Trading volume (1.6 M) remained 349,401 below its 50-day average volume of 2.0 M.