Arista Networks Falls, Axon Drops Afterhours, AMD Fails to Impress
On this episode of Stock Movers: - Arista Networks (ANET) shares fell more than 11% in postmarket trading after the company’s forecast for adjusted gross margin in the fourth quarter fell short of the average analyst estimate. - Axon (AXON) drops 20% postmarket after the Taser maker reported disappointing third-quarter adjusted EPS and agreed to buy emergency tech company Carbyne in a deal valuing the company at $625 million. - Advanced Micro Devices (AMD) failed to impress investors with its revenue forecast, with fourth-quarter revenue expected to be roughly $9.6 billion. The…
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