New data center construction by some of the biggest names on the technology landscape could mean boom times ahead for Arista Networks (ANET), a provider of hardware and software for next-generation data centers. Thus concludes Brent Bracelin, an analyst for Pacific Crest Securities, who cites new data center in the works for Apple (AAPL), Microsoft (MSFT), Facebook (FB) and Google (GOOGL) as one reason to be optimistic for the maker of cloud
Continuing a string of health care initial public offerings, two more made their public debut Friday. Evolent Health (EVH) raised $195 million at 17, above the high end of its estimated range of 14 to 16, offering 11.5 million shares. The company provides a software platform designed to help hospitals and health care companies improve the way patient care is delivered. Evolent stock was up 16.3% to 19.78 on the stock market today. EndoChoice
Following Cree’s (CREE) announcement Thursday that it is voluntarily recalling its tube-shaped T8 fluorescent lamps, one analyst questions whether consumers will shy away from purchasing the LED lights. The North Carolina-based lighting manufacturer said the problem with the T8 LEDs stems from electrical resistance between a spring contact and the printed circuit board. The resistance can lead to electrical arcing, which can cause the light to