- The Arista Networks Inc (NYSE: ANET) stock split has gone into effect today. These are the details.
The Arista Networks Inc (NYSE: ANET) stock split has gone into effect today. Arista’s board of directors had approved of the 4-for-1 stock split on November 1.
The company decided to split the stock in order to make it more accessible to a broader base of investors. Each Arista shareholder of record at the close of business on November 11, 2021 will receive 3 additional shares for every share held on the record date and trading will begin on a split-adjusted basis today.
It’s also worth mentioning that Arista’s board approved a new $1 billion addition to its stock-repurchase program last month.
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