Arista Networks Stock Tumbles in Late Trading After Reporting Earnings
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Arista Networks' stock fell in after-hours trading due to shrinking margins, despite reporting profits that exceeded Wall Street expectations.
November 07, 2024 | 11:30 pm
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Arista Networks reported profits that exceeded expectations, but shrinking margins led to a decline in its stock price during after-hours trading.
The decline in Arista Networks' stock price is attributed to investor concerns over shrinking margins, which overshadowed the positive news of profits exceeding expectations. This indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100