Arista Networks Stock Plunges on Tariffs

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Arista Networks Stock Plummeted Today

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The Motley Fool

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Technology

Why Arista Networks Stock Plummeted Today

Summary

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71% Informative

The company's share price ended the day down 11.1% in a session that saw the S&P 500 fall 4.9% and the Nasdaq Composite sink 6% . Yesterday , the Trump administration announced that a new 10% import tax on foreign-sourced products will take effect on April 5 .

Arista Networks relies on outside manufacturers to put its networking hardware products together.

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