Arista Networks IPO Takes A Switch To Giant Cisco

By | June 6, 2014

Scalper1 News

Arista Networks enjoyed a strong debut Friday as investors jumped to get a piece of a fast-growing, profitable company with disruptive technology taking on giant Cisco Systems. The stock rose 28% to 55, climbing as high as 60 intraday. Arista Networks (ANET) late Thursday sold 5.25 million shares at 43, above the expected IPO range of 36 to 40. The company plans to use most of the $226 million in proceeds to expand market share in Scalper1 News

Scalper1 News