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Fly News Breaks for June 1, 2017
CSCO, ANET
Jun 1, 2017 | 14:53 EDT
Wells Fargo said Arista Networks (ANET) won another critical victory against Cisco (CSCO) in the '945 ITC patent case. The US Patent Trial and Appeal Board invalidated Cisco's '668 patent, which was one of the two patents in the '945 case Arista was found to violated. The firm's analyst said Arista no longer faces a potential injunction that would have prevented it from importing international components and or systems, eliminates the need for workarounds, and prevents Cisco from suing Arista for monetary damages.
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.
