This was the stock's third consecutive day of losses.

Shares of Arista Networks ( ANET -6.43%) are falling on Wednesday. The company's stock lost 6.5% as of 1:45 p.m. ET but was down as much as 8.5% earlier in the day. The loss comes as the S&P 500 and the Nasdaq Composite were flat.

Key Takeaways 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.