|Bid||31.4400 x 100|
|Ask||31.4700 x 100|
|Day's Range||31.3700 - 31.6900|
|52 Week Range||27.1300 - 34.6000|
|PE Ratio (TTM)||15.96|
|Dividend & Yield||1.16 (3.65%)|
|1y Target Est||N/A|
Shares of networking equipment vendor Arista Networks (ANET) are up $2.60, or 2%, at $146.88, after Wells Fargo’s Jess Lubert this afternoon issued a note to clients claiming the company has won a new round in its legal battle with arch-rival Cisco Systems (CSCO). "Our checks indicate that the U.S. Patent and Trademark Office's (USPTO) patent and appeal board invalidated Cisco's '577 patent, which was one of the two patents in the '945 case Arista was found to have violated,” writes Lubert, who has an Outperform rating on the stock. "While we have been able to confirm the USPTO's findings regarding the '577 patent with Arista, it is unclear to us if the USPTO has issued a ruling regarding the '668 patent, which is also in the process of being reviewed by the USPTO's Patent and Appeals board.
Because of FireEye’s exposure in Europe and Asia-Pacific, it could be the prime beneficiary of increased cybersecurity spending.
Categories: Yahoo FinanceGet free summary analysis Cisco Systems, Inc. reports financial results for the quarter ended April 30, 2017. We analyze the earnings along side the following peers of Cisco Systems, Inc. – Juniper Networks, Inc., LM Ericsson Telefon AB Sponsored ADR Class B, HP Inc., Citrix Systems, Inc., NETGEAR, Inc., Microsoft Corporation, International Business Machines Corporation, ... Read more (Read more...)