Arista Networks (ANET) has little to worry about when it comes to the ongoing legal dispute it has with Cisco Systems (CSCO) over patent claims, one analyst says. Alex Henderson at Needham & Co. says he’s spoken with Arista management and asked them point-blank whether the routers and networking gear essential to their business are at risk as a result of the action that is now before the International Trade Commission. “They strongly believe the
Arista Networks (ANET) stock tumbled by more than 12% at one point Friday after reports surfaced that International Trade Commission staff attorneys have found the network gear maker infringed on patents taken out by rival Cisco Systems (CSCO). At the closing bell Arista stock was down 7.8% for the day at 64.46, following a 5.6% drop Thursday after reports of the findings first started to appear. The findings, which have yet to be affirmed by an
Arista Networks (ANET) stock slipped Thursday on reports that International Trade Commission attorneys had determined the network gear maker infringed on three patents as part of an ongoing dispute with rival Cisco Systems (CSCO). Arista shares were down about 5% to near 70 in afternoon trade in the stock market today, while Cisco was up nearly 2% near 26. The legal wrangling between the two rivals began in December, when Cisco filed a complaint