12 Biggest Mid-Day Losers For Tuesday - Arista Networks (NYSE:ANET)

Alcobra Ltd ADHD shares tumbled 54.8 percent to $0.859 after the company disclosed that its Phase 3 trial for MDX has missed the primary endpoint.
Christopher & Banks Corporation CBK shares declined 32.4 percent to $1.42 after the company issued a weak Q4 sales forecast and reported the departure of President & CEO LuAnn Via. The company named Joel Waller as interim President and CEO.
EnteroMedics Inc ETRM shares dropped 24.6 percent to $10.33. EnteroMedics shares have jumped 945.80 percent over the past 52 weeks, while the S&P 500 index has gained 20.91 percent in the same period.
Entravision Communication EVC shares fell 14 percent to $5.55. Wedbush downgraded Entravision Communication from Outperform to Neutral.
Progress Software Corporation PRGS shares dropped 13.8 percent to $27.80. Progress Software reported a Q4 loss of $73.8 million on revenue of $117.7 million. For the current quarter, Progress Software projects earnings of $0.25 to $0.27 per share, on revenue of $85.8 million to $88.8 million.
Naked Brand Group Inc NAKD declined 13.1 percent to $1.48. Naked Brand) shares jumped Friday after the company announced plans to merge with Bendon Limited.
Globus Maritime Ltd GLBS dropped 12.6 percent to $6.33 after the company disclosed that previously announced private placement and conversion of debt will not occur.
Concert Pharmaceuticals Inc CNCE shares declined 12.6 percent to $9.15 after the company issued details on CTP-656 development in the U.S. and Europe.
American River Bankshares AMRB shares dropped 10.7 percent to $13.49.
Arts-Way Manufacturing Co. Inc. ARTW fell 10.1 percent to $3.10. Arts-Way Manufacturing shares have surged 42.40 percent over the past 52 weeks, while the S&P 500 index has gained 20.91 percent in the same period.
Arista Networks Inc ANET dropped 8.2 percent to $92.06. The catalyst for the decline may be the announcement that U.S. customs has ruled to revoke an approval of patent workarounds for the supplier of cloud networking solutions.
Ceragon Networks Ltd CRNT declined 6.3 percent to $3.41. Needham downgraded Ceragon Networks from Buy to Hold.

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