|Bid||31.81 x 200|
|Ask||31.95 x 100|
|Day's Range||31.70 - 32.02|
|52 Week Range||29.12 - 34.60|
|PE Ratio (TTM)||16.16|
|Dividend & Yield||1.16 (3.64%)|
|1y Target Est||N/A|
Shares of Arista Networks (ANET), which has been sued by Cisco Systems (CSCO) on multiple counts of patent infringement in the past couple of years, are down $4.71, or 3%, at $152.10, after the International Trade Commission late yesterday said it would uphold a ban on Arista importing products into the U.S., causing Arista to have to employ a work-around with modified product developed in the U.S. Cisco shares are up one penny at $31.87. Arista had sought an “emergency motion” with the ITC for a suspension of an order of “cease and desist,” issued back on May 4th, in what was known as the “ITC 945 Investigation,” after the U.S. Patent and Trademark Office had found two patents of Cisco’s in that case to have been invalid.
The network equipment specialist is building a bigger and more perfect beast, one buyout at a time.
The U.S. International Trade Commission refused to rescind its May 4 ruling that found Arista's switches infringed two Cisco patents and banned Arista from importing the infringing products into the United States. After the ITC released that decision, a different agency, the U.S. Patent and Trademark Office, said the two Cisco patents are invalid.