Arista Networks (NYSE: ANET) stock is heading lower in Wednesday's trading. The networking technologies company's share price was down 7.3% as of 10:30 a.m. ET amid a 0.3% decline for the S&P 500 index and a 0.

Arista Networks reported strong FY24 revenue of $7 billion, surpassing guidance, and is projected to grow 17% in FY25. Learn more about ANET stock here.

Arista Networks shares dropped Wednesday amid some concerns about the company's sales to a key customer. However, several analysts said they're still bullish on the stock, anticipating a boost from demand for AI.

Shares of Arista Networks Inc. slipped 6.43% to $103.92 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.24% to 6,144.15 and the Dow Jones Industrial Average rising 0.