Shares in Arista Networks rocketed upwards on their first day of trading on the New York Stock Exchange under the symbol "ANET".
Arista's IPO consisted of 5,250,000 shares of its common stock at a price to the public of $43.00 per share, raising $225.8 million for the firm. The stock closed on Friday at $55, up nearly 28% for the day. This gives Arista a market cap of $3.56 billion.
Arista supplies 1/10/40 and 100GbE switching systems for next generation enterprise and cloud data centers. The company combines a merchant silicon approach with a highly programmable Extensible Operating System (EOS) in a leaf/spine data center architecture to enable scalability to hundreds of thousands of nodes.
The company is based in Santa Clara, California.
In March, Arista Networks announced two new 100GbE modules for its 7500 Series switches:
- 7500E Series 6 port 100GbE card with support for CFP2 optics up to 40km over single mode fiber is orderable in Q2 2014 with pricing starting at $6600 per 100GbE port.
- 7500E Series 12 port 100GbE card is planned for availability in 2H 2014 along with a full range of QSFP-100 optics and cables.
“We selected the Arista 7500E platform for our data center to provide customers with true 100 Gigabit Ethernet services,” said Ihab Tarazi, Chief Technology Officer at Equinix. “Because of the open architecture and cloud interconnect protocols, including VXLAN, the programmability of Arista EOS and multi-speed mode, we are able to allocate data center resources at 10/40 or 100 gigabits in a reliable and cost-effective manner.”
Arista also noted that its 7300X Series with 10GBASE-T modules are gaining adoption among customers deploying cost-effective single tier and two tier networks.