Press release
Investigation announced for Investors in Arista Networks, Inc. (NYSE: ANET) over potential Violations of Securities Laws
An investigation for investors in Arista Networks, Inc. (NYSE: ANET) shares over potential securities laws violations.
Investors who purchased shares of Arista Networks, Inc. (NYSE: ANET), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Arista Networks, Inc. (NYSE: ANET) concerning whether a series of statements by Arista Networks, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Santa Clara, CA based Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Arista Networks, Inc. reported that its annual Total Revenue rose from over $1.64 billion in 2017 to over $2.45 billion in 2018 and that its Net Income declined $423.2 million in 2017 to $328.11 million in 2018.
On October 31, 2019, after the market closed, Arista Networks, Inc announced the Company’s financial results for the third quarter of 2019. In a press release, the Company advised investors that it “expect[ed] a sudden softening in Q4 with a specific cloud titan customer.” During the Company’s quarterly earnings call, Arista’s officers made comments that seemed to confirm that the “titan customer” was Facebook, Inc.
Shares of Arista Networks, Inc. (NYSE: ANET) declined from $306.46 per share in April 2019 to as low as $173.31 per share on November 1, 2019.
Those who purchased shares of Arista Networks, Inc. (NYSE: ANET) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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