Andreas Bechtolsheim, Chief Development Officer at Arista Networks (NYSE:ANET), made a large buy and sell of company shares on September 7, according to a new SEC filing.
After pulling data from Benzinga Pro it seems like during Q2, Arista Networks (NYSE:ANET) earned $219.37 million, a 6.34% increase from the preceding quarter.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
After pulling data from Benzinga Pro it seems like during Q2, Arista Networks (NYSE:ANET) earned $219.37 million, a 6.34% increase from the preceding quarter.
After a monumental week of Big Tech earnings, we're in for more than a quarter of S&P 500 companies' reports, including those from Alibaba (NYSE: BABA), General Motors (NYSE: GM), and Kraft Heinz