Arista Networks' stock drops after insiders sell shares, but earnings beat estimates.

New York State Teachers Retirement System and Unified Investment Management reduced their stakes in Arista Networks, with CEO Jayshree Ullal selling shares too. Despite this, Arista reported strong earnings, beating estimates by $0.06 per share. The stock recently fell 4.4% after the insider sale, though the company maintains a positive outlook with a strong revenue growth of 27.6%.