Revelation 12:4

The great red dragon—cunning and diverse, seven-headed and horned—that draws down the third part of the stars and stands ready to devour the child of the woman who is travailing, is the devil, who lies in wait to destroy the Christ-accepted mind of the baptized as well as the image and clear features of the Word that has been brought forth in them. But he misses and loses his prey, the regenerate being caught up on high to the throne of God—that is, the mind of those who are renewed is lifted up to the divine seat and the basis of truth against which there is no stumbling, being taught to look upon and regard the things which are there, so that it may not be deceived by the dragon weighing them down. For he is not allowed to destroy those whose thoughts and looks are upwards. And the stars, which the dragon touched with the end of his tail and drew them down to earth, are the bodies of heresies. For we must say that the stars, which are dark, obscure, and falling, are the assemblies of the heterodox; since they, too, wish to be acquainted with the heavenly ones, to have believed in Christ, to have the seat of their soul in heaven, and to come near to the stars as children of light. But they are dragged down, being shaken out by the folds of the dragon, because they did not remain within the triangular forms of godliness, falling away from it with respect to orthodox practice. Thus, too, they are called the third part of the stars, as having gone astray with regard to one of the three persons of the Trinity. As when they say, like Sabellius, that the almighty person of the Father himself suffered; or as when they say, like Artemas, that the person of the Son was born and manifested only in appearance; or when they contend, like the Ebionites, that the prophets spoke of the person of the Spirit by their own power. […]

Whenever the Holy Spirit promises and tells of future events, he foretells and shows the future in the church as past event. For in her misfortunes the church is always bringing forth Christ, for which reason he promises the coming of the Son of man …

The apostate always arms himself against the church, desiring to make those food for himself who are being born anew from her. Rather, through the church he persecutes Christ himself, since he is [the church's] head, and he makes his own what belongs to the …

And his tail drew the third part of the stars of heaven, and cast them to the earth. The dragon's tail is depraved preachers, according to this: The prophet that teacheth lies, he is the tail. [Is. 9:15] People who from the outside seem to …

And his tail drew a third part of the stars of heaven, etc. This indicates the strength and malice of the enemy, whom the Church, with the Lord's help, overcomes, who by deceit like a tail has cast down an innumerable part of the angels …

And the dragon stood before the woman, ready to devour her child as soon as it was born. The devil lies in wait for the Church, striving to extinguish the faith of Christ in the hearts of believers, so that whom she brings forth by …

It is our opinion that this passage refers either to the former fall of [the devil] from heaven which through a final movement of envy—for elevation was first—brought down with him the apostate angels, or to that movement of his tail which, after the crushing …

And his tail drew the third part of the stars of heaven, and did cast them to the earth,....

drew--Greek, present tense, "draweth," "drags down." His dragging down the stars with his tail (lashed back and forward in his fury) implies his persuading to apostatize, like himself, and to become earthy, those angels and also once eminent human teachers who had formerly been heavenly (compare Re 12:1;

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And his tail drew the third part of the stars of heaven - The word rendered “drew” - συρω surō - means to “draw, drag, haul.” Prof. Stuart renders it “drew along”; and explains it as meaning that “the danger is represented as being in the upper region of the air, so that his tail may be supposed to interfere with and sweep down the stars, which, as viewed by the ancients, were all set in the visible expanse or welkin.” So Dan 8:10, speaking of the little horn, says that “it waxed great, even to the host of heaven, and it cast down some of the host and of the stars to the ground.” See the notes on that passage. The main idea here undoubtedly is that of power, and the object of John is to show that the power of the dragon was as if it extended to the stars, and as if it dragged down a third part of them to the earth, or swept them away with its tail, leaving two-thirds unaffected. A power that would sweep them all away would be universal; a power that would sweep away one-third only would represent a dominion of that extent only. The dragon is represented as floating in the air - a monster extended along the sky - and one-third of the whole expanse was subject to his control. Suppose, then, that the dragon here was designed to represent the Roman pagan power; suppose that it referred to that power about to engage in the work of persecution, and at a time when the church was about to be greatly enlarged, and to fill the world; suppose that it referred to a time when but one-third part of the Roman world was subject to pagan influence, and the remaining two-thirds were, for some cause, safe from this influence - all the conditions here referred to would be fulfilled. […]