Arista Networks Earnings Beat Views But Stock Falls

By | November 7, 2014

Scalper1 News

Arista Networks (ANET) stock fell Friday after the company reported quarterly earnings late Thursday that beat expectations. The provider of computer networking gear raised Q4 guidance but also said that some stock lockup restrictions will expire sooner than planned, on Nov. 11 instead of Dec. 2. That move will increase the number of shares outstanding. About 50% of the vested shares held by employees who did not enter into a lockup agreement — Scalper1 News

Scalper1 News