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Fly News Breaks for February 3, 2016
CSCO, ANET
Feb 3, 2016 | 07:37 EDT
After an ITC judge found that Arista (ANET) had infringed on three Cisco (CSCO) patents, Wells Fargo says the findings were "largely as expected and more than priced into Arista shares." The firm says it expects Arista to successfully introduce a workaround to the patents, and it remains upbeat overall on the company's stock. Wells keeps an Outperform rating on the shares.
News For ANET;CSCO From the Last 2 Days
ANET
Apr 24, 2024 | 10:26 EDT
Bullish option flow detected in Arista Networks with 2,900 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 56.57%. Nov-24 270 calls and 4/26 weekly 275 calls are the most active options, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 7th.
