Arista Networks Hits New 52-Week High

Arista Networks hit a new 52-week high Monday of $94.76 a share, after the company said in a filing with the U.S. Securities and Exchange Commission that it can import its products into the country.

Shares have since settled, up 7% on the day to $94.10 in the final hour of trading.

The company received approval from the United States Customs and Border Protection to import its products, which contain an extensible operating system that was determined to not fall within the International Trade Commission’s limited exclusion order.

The company was originally put on alert after Cisco System alleged that it had infringed six patents related to the systems. The company said it had redesigned the product as a result of the Trade Commission’s determination that the original design did violate multiple patents. Cisco shares were last down 0.3% on the day.

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