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<ul class="summary-list"><li>Shares of <a href="https://markets.businessinsider.com/stocks/panw-stock">Palo Alto Networks</a> surged to their all-time high on Tuesday.</li><li>The <keyword id="6361948" type="UNKNOWN" weightage="60" keywordseo="cybersecurity" source="Orion">cybersecurity</keyword> firm reported fourth-quarter earnings that beat estimates and boosted its forecast for 2022.</li><li>A spate of recent ransomware attacks has helped boost the company and cybersecurity sector broadly.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/panw-stock">Palo Alto Networks</a> surged to an all-time high after the cybersecurity firm <a href="https://investors.paloaltonetworks.com/investor-relations/news-releases/news-release-details/2021/Palo-Alto-Networks-Reports-Fiscal-Fourth-Quarter-2021-Financial-Results/default.aspx">reported fourth-quarter earnings</a> that beat estimates and boosted its forecast for 2022 amid a growing number of cyberattacks against US companies.<keyword id="11939880" type="UNKNOWN" weightage="60" keywordseo="palo-alto-networks-stock" source="Orion">Palo Alto Networks stock</keyword> jumped nearly 19% to an intraday high of $443.51 on Tuesday. It was trading 18% higher at $442.65 as of 11:50 a.m. ET.The company posted a profit of $1.60 per share compared to $1.44 expected by analysts, according to <a href="https://www.cnbc.com/2021/08/23/palo-alto-networks-panw-earnings-q4-2021.html">Refinitiv</a>, and revenue of $1.22 billion compared to the $1.17 billion expected.The revenue of the Santa Clara, California-based firm, meanwhile, grew 28% in the quarter ending July 31, compared to 24% in the previous quarter. "We've had a series of cybersecurity events over the last quarter, against the backdrop where we've seen supply chain attacks where bad actors try to hack into core infrastructure pieces, which allows them access to enterprises or government systems," Nikesh Arora, company chairman and CEO, said during the <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.fool.com%2Fearnings%2Fcall-transcripts%2F2021%2F08%2F24%2Fpalo-alto-networks-panw-q4-2021-earnings-call-tran%2F">earnings call</a>. "The ransomware threat continues to rise."The Santa Clara, California-based firm also predicted its revenue to rise in the range of $5.275 billion to $5.325 billion in 2022, representing a 24% to 25% year-on-year growth.Due to the rise in ransomware attacks, Arora said <keyword id="11939879" type="UNKNOWN" weightage="60" keywordseo="palo-alto-networks" source="Orion">Palo Alto Networks</keyword> currently has around 300 more ransomware readiness assessments in the pipeline in addition to the 39 it was already engaged in."Over time, we expect these service engagements to allow us to increase our product pull-through to our customers," he said during the call. "As a company, we've continued to focus on getting more presence in our customers and getting larger deals with them."Ahead, supply chain constraints might factor into the third or fourth fiscal quarter of next year, according to Arora. This is why, he said, <keyword id="11939882" type="UNKNOWN" weightage="60" keywordseo="palo-alto" source="Orion">Palo Alto</keyword> Networks is increasing the prices of its hardware products, though only by a small amount.

Palo Alto Networks surges 19% on strong 4th-quarter earnings as cybersecurity sector booms

<ul><li>US stocks have surged in 2023, with the S&amp;P 500 entering a new bull market after a difficult 2022.</li><li>Everything from artificial intelligence hype to a rebound in cruise line travel helped drive performance.</li><li>These were the top 10 performing S&amp;P 500 stocks in the first half of 2023.</li></ul>With the first half of the year in the books, investors have a lot to reflect on after the S&amp;P 500 <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-new-bull-rally-economy-employment-upside-ahead-2023-6">exited its 2022 bear market and entered a new bull market.</a>Stocks have surged as investors gain hope that inflation is easing and <a href="https://markets.businessinsider.com/news/stocks/baby-boomers-save-economy-75-trillion-savings-millennials-student-loans-2023-6">a potential recession is farther away than previously expected. </a>The <a href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> has jumped nearly 15% year-to-date, while the <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> is up about 37%. Much of the gains have been driven by <a href="https://markets.businessinsider.com/news/stocks/nvidia-stock-ai-race-artificial-intelligence-wall-street-gpu-huang-2023-5">hype around artificial intelligence,</a> but the top 10 performing stocks aren't only tech names.From home builder companies to cruise line operators, these were the top 10 performing S&amp;P 500 stocks in the first half of 2023.10. General Electric<div type="image" title="GE." height="2623" width="5246" msid="101400360" hostid="261" sizebytes="315800"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/ge-stock">GE</a> Year-to-date gain: 64.8%9. PulteGroup<div type="image" title="A builder works on a home roof." height="2800" width="5600" msid="101400363" hostid="261" sizebytes="1111628"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/phm-stock">PHM</a> Year-to-date gain: 69.8%8. Norwegian Cruise Lines<div type="image" title="Norwegian Cruise Line's Norwegian Prima sailing by New York City" height="1249" width="2500" msid="101400364" hostid="261" sizebytes="472748"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/nclh-stock">NCLH</a> Year-to-date gain: 70.8%7. Advanced Micro Devices<div type="image" title="AMD CEO Lisa Su" height="2472" width="4944" msid="101400365" hostid="261" sizebytes="342202"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/amd-stock">AMD</a> Year-to-date gain: 71.8%6. Palo Alto Networks<div type="image" title="palo alto networks" height="512" width="1024" msid="101400532" hostid="261" sizebytes="147960"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/panw-stock">PANW</a> Year-to-date gain: 81.5%5. Royal Caribbean Cruises<div type="image" title="The Blaster, Royal Caribbean Cruise Ships" height="2233" width="4466" msid="101400534" hostid="261" sizebytes="398370"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/rcl-stock">RCL</a> Year-to-date gain: 105.5%4. Tesla<div type="image" title="A red Tesla Model Y seen outside a Tesla showroom" height="4128" width="8256" msid="101400536" hostid="261" sizebytes="1837046"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/tsla-stock">TSLA</a> Year-to-date gain: 109.0%3. Carnival Corporation<div type="image" title="Half Moon Cay, Carnival" height="1024" width="2048" msid="101400537" hostid="261" sizebytes="92636"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/ccl-stock">CCL</a> Year-to-date gain: 112.9%2. Meta Platforms<div type="image" title="Meta" height="2499" width="5000" msid="101400538" hostid="261" sizebytes="435674"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/meta-stock">META</a> Year-to-date gain: 134.0%1. Nvidia<div type="image" title="Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018." height="1750" width="3500" msid="101400540" hostid="261" sizebytes="179478"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/nvda-stock">NVDA</a> Year-to-date gain: 179.3%

These were the top 10 performing stocks in the S&P 500 in the first half of 2023

<ul><li>The strong rally in stocks this year has sparked big losses for short sellers, according to S3 Partners.</li><li>The research firm said short selling has been on the rise amid the rally as hedge funds increase their leverage.</li><li>These are the three stocks that sparked $30 billion in losses for short sellers, according to S3.</li></ul>The <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-new-bull-rally-economy-employment-upside-ahead-2023-6">monster year-to-date rally in tech stocks</a> has sparked massive losses for short sellers, and investors keep increasing their bets via short positions, according to a Friday note from S3 Partners Research.US equity short interest climbed to $1.001 trillion by the end of June from $864 billion at the end of 2022, S3 Partners' managing director Ihor Dusaniwsky said.Much of that increase in short selling has been driven by hedge funds that are hedging their long equity bets as they increase their portfolio's leverage."Hedge funds increased the total notional size of their portfolios to gain more exposure to the volatile and upward trending market," Dusaniwsky explained.In total, short sellers have seen $122.1 billion in mark-to-market losses in the first six months of the year, and just three stocks drove a total loss of $30 billion.With the <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> up nearly 40% year-to-date, the research firm identified the top stocks that have sparked the biggest losses for short sellers, and it's no surprise that they're mostly concentrated in the tech sector.These are the top 10 stocks that have driven the biggest losses for short sellers so far this year, according to S3 Partners.10. Coinbase<div type="image" title="Coinbase man shadow" height="2494" width="4990" msid="101581703" hostid="261" sizebytes="101258"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/coin-stock">COIN</a> Short seller losses: $1.5 billion Year-to-date performance: 129.2%9. Advanced Micro Devices<div type="image" title="AMD CEO Lisa Su" height="2472" width="4944" msid="101581705" hostid="261" sizebytes="342202"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/amd-stock">AMD</a> Short seller losses: $1.6 billion Year-to-date performance: 78.0%8. Broadcom<div type="image" title="Broadcom" height="452" width="904" msid="101581708" hostid="261" sizebytes="23342"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/avgo-stock">AVGO</a> Short seller losses: $2.0 billion Year-to-date performance: 53.2%7. Palo Alto Networks<div type="image" title="palo alto networks" height="512" width="1024" msid="101581709" hostid="261" sizebytes="152140"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/panw-stock">PANW</a> Short seller losses: $2.3 billion Year-to-date performance: 79.7%6. Amazon<div type="image" title="Amazon" height="2899" width="5800" msid="101581711" hostid="261" sizebytes="360910"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/amzn-stock">AMZN</a> Short seller losses: $3.2 billion Year-to-date performance: 55.8%5. Microsoft<div type="image" title="Microsoft CEO Satya Nadella with the word &quot;Microsoft&quot; and the Microsoft logo displayed behind him" height="1000" width="2000" msid="101581712" hostid="261" sizebytes="42652"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/msft-stock">MSFT</a> Short seller losses: $4.0 billion Year-to-date performance: 42.4%4. Meta Platforms<div type="image" title="Meta" height="2499" width="5000" msid="101581713" hostid="261" sizebytes="418390"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/meta-stock">META</a> Short seller losses: $4.5 billion Year-to-date performance: 143.5%3. Apple<div type="image" title="Apple Vision Pro being demoed at an Apple Store." height="968" width="1936" msid="101581714" hostid="261" sizebytes="74808"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/aapl-stock">AAPL</a> Short seller losses: $7.5 billion Year-to-date performance: 48.1%2. Nvidia<div type="image" title="jensen huang nvidia ceo ces talk" height="1750" width="3500" msid="101581715" hostid="261" sizebytes="180148"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/nvda-stock">NVDA</a> Short seller losses: $9.1 billion Year-to-date performance: 194.3%1. Tesla<div type="image" title="A red Tesla Model Y seen outside a Tesla showroom" height="4128" width="8256" msid="101581716" hostid="261" sizebytes="1836106"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/tsla-stock">TSLA</a> Short seller losses: $13.0 billion Year-to-date performance: 126.5%

A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year

<ul><li>Lucid stock jumped as much as 7% on Monday after it was announced the EV maker would join the <keyword id="11930332" type="UNKNOWN" weightage="60" keywordseo="nasdaq-100" source="Orion">Nasdaq 100</keyword>. </li><li>Six stocks are being added to and removed from the tech-heavy index on December 20.</li><li>Airbnb and Palo Alto Networks are also joining the tech index, while Fox and Cerner are getting cut.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/lcid-stock">Lucid Group</a> surged as much as 7% Monday after it was announced the EV maker would join the <keyword id="6357328" type="UNKNOWN" weightage="60" keywordseo="nasdaq" source="Orion">Nasdaq</keyword> 100 later this month. But the stock reversed lower amid a sell-off in the broader market.Prior to the open on December 20, Lucid and five other stocks will be added to the tech-heavy index in <a href="https://www.globenewswire.com/news-release/2021/12/11/2350269/6948/en/Annual-Changes-to-the-Nasdaq-100-Index.html">its annual reconstitution.</a>The <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100 index</a> is composed of the 100 largest non-financial companies listed on the Nasdaq <keyword id="11895235" type="UNKNOWN" weightage="60" keywordseo="stock-market" source="Orion">stock market</keyword> and dates back to January 1985 when it was launched along with the Nasdaq Financial 100 index. Both indexes are reconstituted each year in December.The Nasdaq 100 is popular with investors who are looking for exposure to fast growing technology companies. Investors can gain access to the index through the <a href="https://markets.businessinsider.com/etfs/invesco-qqq-trust-us46090e1038">Invesco QQQ Trust</a>, which aims to provide investment results that correspond with the performance of the Nasdaq 100.These are the six companies being added to and removed from the index next week.1. AirbnbTicker: <a href="https://markets.businessinsider.com/stocks/abnb-stock">ABNB</a> Market Capitalization: $114.9 billion Index Change: Added<div type="image" title="A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco." height="1000" width="2000" msid="88263522" hostid="261"></div>2. FortinetTicker: <a href="https://markets.businessinsider.com/stocks/ftnt-stock">FTNT</a> Market Capitalization: $56.2 billion Index Change: Added<div type="image" title="Phil Quade, Fortinet NSA" height="480" width="960" msid="88263524" hostid="261"></div>3. Palo Alto NetworksTicker: <a href="https://markets.businessinsider.com/stocks/panw-stock">PANW</a> Market Capitalization: $53.9 billion Index Change: Added<div type="image" title="Signage with logo at the Silicon Valley headquarters of computer security and firewall company Palo Alto Networks, Santa Clara, California, August 17, 2017." height="2010" width="4020" msid="88263526" hostid="261"></div>4. <keyword id="12682425" type="UNKNOWN" weightage="60" keywordseo="lucid-group" source="Orion">Lucid Group</keyword>Ticker: <a href="https://markets.businessinsider.com/stocks/lcid-stock">LCID</a> Market Capitalization: $63.5 billion Index Change: Added<div type="image" title="Lucid Air" height="1997" width="3995" msid="88263528" hostid="261"></div>5. ZscalerTicker: <a href="https://markets.businessinsider.com/stocks/zs-stock">ZS</a> Market Capitalization: $45.4 billion Index Change: Added<div type="image" title="Zscaler conference" height="870" width="1742" msid="88263530" hostid="261"></div>6. DatadogTicker: <a href="https://markets.businessinsider.com/stocks/ddog-stock">DDOG</a> Market Capitalization: $56.2 billion Index Change: Added<div type="image" title="Datadog" height="2499" width="5000" msid="88263532" hostid="261"></div>7. CDW CorporationTicker: <a href="https://markets.businessinsider.com/stocks/cdw-stock">CDW</a> Market Capitalization: $26.7 billion Index Change: Removed<div type="image" title="CDW logo pictured on a phone" height="512" width="1024" msid="88263534" hostid="261"></div>8. Fox CorporationTicker: <a href="https://markets.businessinsider.com/stocks/foxa-stock">FOXA</a> / <a href="https://markets.businessinsider.com/stocks/fox-stock">FOX</a> Market Capitalization: $20.1 billion Index Change: Removed<div type="image" title="Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen &amp; Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho." height="1114" width="2229" msid="88263536" hostid="261"></div>9. Cerner CorporationTicker: <a href="https://markets.businessinsider.com/stocks/cern-stock">CERN</a> Market Capitalization: $21.9 billion Index Change: Removed<div type="image" title="Bill Graff Cerner CIO" height="2550" width="5100" msid="88263539" hostid="261"></div>10. Check Point SoftwareTicker: <a href="https://markets.businessinsider.com/stocks/chkp-stock">CHKP</a> Market Capitalization: $14.9 billion Index Change: Removed<div type="image" title="Gil Shwed Check Point" height="2736" width="5472" msid="88263542" hostid="261"></div>11. Trip.com GroupTicker: <a href="https://markets.businessinsider.com/stocks/tcom-stock">TCOM</a> Market Capitalization: $18.7 billion Index Change: Removed<div type="image" title="atlanta airport" height="1000" width="2000" msid="88263544" hostid="261"></div>12. Incyte CorporationTicker: <a href="https://markets.businessinsider.com/stocks/incy-stock">INCY</a> Market Capitalization: $14.6 billion Index Change: Removed<div type="image" title="A Biogen employee works in the company's lab" height="1995" width="3990" msid="88263547" hostid="261"></div>

Lucid jumps 7% after being included in the Nasdaq 100. Here are the 6 stocks being added and removed from the tech index.

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Arista Networks stock is taking a pounding this morning, <a href="http://www.businessinsider.com/cisco-sues-arista-networks-2014-12">thanks to a lawsuit filed by Cisco on Friday accusing Arista</a> of stealing Cisco's technology.
Arista is down about 18% since Cisco announced the lawsuit Friday, trading near end-of-IPO-day levels. <a href="http://www.businessinsider.com/unworried-investors-love-arista-ipo-2014-6">Arista went public in June</a>. The stock was priced at $43 and soared to $60 that day.
Arista's chairman of the board of directors, Dan Scheinman, posted a blog on Monday, disputing Cisco's allegations.
<a href="http://www.arista.com/blogs/?p=1061">He wrote:</a>
Arista's EOS [technology] was developed from the ground up as a next generation network operating system for the cloud based upon the pioneering technologies invented by Arista - far from the ugly messaging pursued by Cisco on Friday
Cisco's lawsuit is just like the lawsuits (actual and threatened) brought against it in the 90's by Lucent, IBM and Nortel - an attempt by a legacy vendor that is falling behind in the marketplace to use the legal system to try and slow a competitor who is innovating and winning.
Ironically, Scheinman is the very same guy that helped defend Cisco against its competitors' lawsuits when it was a young upstart starting to chomp into their businesses.
He was hired by Cisco in 1997, just a couple of years after John Chambers was promoted to CEO. He <a href="https://www.linkedin.com/pub/dan-scheinman/0/874/385">founded Cisco's legal department, </a>then did business development and M&amp;A work before being given his own product line, the Cisco Eos platform. Cisco shut down <a href="http://www.businessinsider.com/john-chambers-absolutely-awful-year-2011-12">Eos during Cisco's awful 2011</a> and Scheinman left the company.
Investors are concerned that this suit could take years to settle, similar to Juniper's lawsuit against Palo Alto Networks, which was founded by ex-Juniper employees. That suit ended with <a href="http://www.bizjournals.com/sanjose/news/2014/05/28/palo-alto-networks-settles-juniper-lawsuit-for-175.html">Palo Alto settling for $175 million.</a>
According to one, Chad Kusserow, who tweeted, "This $ANET/ $CSCO lawsuit is like $PANW/ $JNPR part 2-prob ends same way ult in a settlement of some type but mucks things up ST for $ANET." He added. "$CSCO may/ may not have a real case here but strikes me as a last resort to stem mkt shr losses."
That's because, as we previously reported, this lawsuit is less about two companies competing, and more like a family fight. The folks at Cisco don't just look at Arista like a competitor such as a Juniper or HP, they treat the company like traitors because so many of Arista's leaders and engineers are former Cisco employees, including its Arista CEO, Jayshree Ullal, many of its vice presidents and top engineers, and seven of its board members.
When hearing of the lawsuit, Ullal said, "I am disappointed at Cisco's tactics. It's not the Cisco I knew."
<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>The bigger question is, why now? Speculation is that Arista's latest quarter, showing amazing growth, was the catalyst.
Founded a decade ago, Arista is profitable. It reported <a href="http://investors.arista.com/company/investors-relations/press-releases/press-release-details/2014/Arista-Networks-Inc-Reports-Third-Quarter-2014-Financial-Results/default.aspx">an excellent a huge beat last month</a>. Quarterly revenue of $155.5 million was up over 50% from the year-ago quarter. Profits hit $28.1 million, or 40 cents per diluted share, when analysts were expecting 28 cents.
But the heaviest straw was likely that Ullal started speaking publicly about Arista's biggest customer: Microsoft.
Microsoft makes up 10% of Arista's revenues, <a href="http://seekingalpha.com/article/2731935-arista-networks-anet-ceo-jayshree-ullal-on-q3-2014-results-earnings-call-transcript">Ullal said</a>, and it's building out its cloud computing network like crazy, which only bodes well for Arista. Microsoft is not only a huge customer, but is also a huge endorsement in the hottest growth area.
Cisco has been watching an increasing amount of <keyword id="6356323" type="UNKNOWN" weightage="100" keywordseo="Enterprise">enterprise</keyword> technology being moved to cloud computing platforms from competitors like Microsoft, Google, and Amazon, where it doesn't have much of a stake, market researcher Bern Elliot, a vice president for Gartner, <a href="http://www.businessinsider.com/cisco-sues-arista-networks-2014-12">told Business Insider.</a>
Many of these companies, like Google or Facebook, famously build their own computer network equipment. But now that Microsoft has become an Arista customer, others may follow suit.
Cisco's got a plan to combat that. It is building <a href="http://www.businessinsider.com/inside-ciscos-1b-cloud-computing-plan-2014-3">its own cloud, called the Intercloud, investing a $1 billion to do that.</a>
In the meantime, it is also suing Arista, hoping to slow it down.
Cisco spokesperson, John Earnhardt, refuted Arista's chairman Scheinman's post:
Arista's argument is a red herring. It's what they want the world to focus on and ignores the most significant issues of patent violation. Using examples from decades ago, like Alcatel, Lucent and IBM, is not an accurate comparison. They all had very aggressive patent monetization programs, designed to extract money and cross-licenses. That approach and business model simply doesn't exist at Cisco.
The most important question is why Arista feels they could not innovate, like many of our competitors have done, to compete on their own.
On the question as to 'why now?' - Cisco's sale of data center products are growing faster than Arista's. Arista is losing market share. As they face the daunting task of delivering their next generation of product, our ask is that they use their own innovation rather than continue copying ours, to do so. And stop trying to use the copying from us as a basis for attracting customers.
Here's the full blog post from Arista's chairman Scheinman:
I am on the Board of Arista Networks which as you all know was sued by Cisco on Friday with claims that include something called the command line interface and additional patents. The command line interface has been the industry standard method of configuring switches for decades and is widely used. There is a separate suit about several patents, and a long blog post attempting to justify the action. You are all going to learn more details about the technology involved here over the next few months. While I cannot comment about the specifics of the lawsuit, I want to say two things clearly at the outset:
Arista's EOS was developed from the ground up as a next generation network operating system for the cloud based upon the pioneering technologies invented by Arista - far from the ugly messaging pursued by Cisco on Friday. Cisco's lawsuit is just like the lawsuits (actual and threatened) brought against it in the 90's by Lucent, IBM and Nortel - an attempt by a legacy vendor that is falling behind in the marketplace to use the legal system to try and slow a competitor who is innovating and winning.
The networking industry is in the midst of a revitalization as the value shifts from boxes to cloud networking software (a shift which is causing apparent consternation at Cisco). Arista is winning the software battle in the cloud, so Cisco has chosen to do what others did to it previously and is attempting to use the legal system to cover for its lack of innovation in software
I was the General Counsel at Cisco in the 1990's when it was being attacked in much the same way as Arista is today. Cisco faced this same challenge from the legacy vendors in the 1990's, and the legacy vendors also wrongly used litigation to slow down innovation. I agreed<a href="http://www.nytimes.com/1998/06/23/business/the-markets-market-place-cisco-systems-is-giving-up-partner-hunt.html"> with Mr. Chambers quote then</a> and I agree with it even more now. "Symbolically it's huge," Mr. Chambers said of the suit. "It shows that some companies don't have a way to compete in this new market."
Suing the new competition did not work in 1998 and it will work no better in 2014. What makes me most sad is that the millions of dollars that will be spent on this litigation could instead be spent innovating, helping customers or, heck, donating to food banks. The litigation is not going to help innovation, customers or the larger world.
One last question to ask. Why now? Arista has been shipping the product for 6 years with the command line interface in question. Why did Cisco file this lawsuit on a Friday, without any discussions with Arista, and with no visibility from Mr. Chambers? Why now? The answer to that question speaks volumes about the real motivation going on here.

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