Arista Shares Slip As ITC Says 3 Of 5 Cisco Patents Infringed

Shares of Arista Networks Inc. declined in the extended session Thursday after the International Trade Commission issued a cease and desist order against the company concerning three Cisco Systems Inc. patents. Arista shares fell 3.8% to $71 after hours. Arista said the ITC found that its Ethernet switch products infringed upon three out of five Cisco patents in contention under a final determination. Back in February, an ITC judge initially determined the products infringed three out of the five patents. Cisco shares rose 0.2% to $29.29 after hours.