Cisco rulings sink Arista stock
Arista reportedly suffered a setback in its litigation with Cisco that caused its stock to drop almost 6% this week. According to Investor’s Business Daily, International Trade Commission attorneys determined Arista infringed on three Cisco patents, causing the company’s stock to drop 5.6% Thursday.
Arista stock dropped 11% today on the ruling.
Cisco filed suit against Arista back in December, claiming copyright and patent infringement. Suits were filed in both federal court and the ITC.
To read this article in full or to leave a comment, please click here