IPO Stock Watch: Arista Networks Sets IPO Price Terms

By | May 27, 2014

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Arista Networks, which offers cloud-based switching technology that handles traffic at Internet data centers for companies like Facebook (FB) and Yahoo (YHOO), plans to raise $200 million in an IPO. In an updated regulatory filing, the Santa Clara, Calif.-based company said it plans to offer 5.3 million shares at 36 to 40 apiece, giving it a market cap near $2.6 billion. Arista says its 2013 revenue rose 87% to $361 million, with net income Scalper1 News

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