Scalper1 News
Arista Networks (ANET), which makes ethernet switches for data centers that power the cloud-computing world, priced its IPO at 43 a share, above the expected 36-40 range, and the latest bullish sign for technology new issues. Arista sold 5.3 million shares, raising $225.8 million. It’ll begin trading Friday on the NYSE under ticker ANET. The company is profitable — and fast-growing. Profit shot up 99% last year to $42.5 million as sales leapt 87% Scalper1 News
Scalper1 News