Arista Networks Shares Drop Despite Strong Q3

Arista Networks, a data-driven networking solutions giant, has seen a significant market value surge to over one hundred sixty billion dollars. Despite a recent twenty-three percent dip from its fifty-two-week high, the companys shares have still gained fifteen and a half percent year-to-date and twenty-five point one percent over the past year. However, a sharp increase in operating expenses and a lower gross margin forecast for the fourth quarter have caused investors concern.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.