Cisco Competitor Arista Networks Scores With Hot IPO
Arista Networks (ANET) lived up to its hype with its initial public offering, as the stock popped in its stock market debut Friday. Arista has tapped into the booming demand for cloud computing with networking technology that manages data traffic at large Internet centers for companies such as Facebook (FB), Yahoo (YHOO), Comcast (CCST) and Citigroup (C). Late Thursday, Arista priced at 43 a share, above its expected range of 36 to 40. The stock