Feeds

Bechtolsheim's baby Arista Networks soars in stock market debut

Networking firm mints big bucks as Cisco execs stare in blank terror at stock screens

Secure remote control for conventional and virtual desktops

Arista Networks has gained in its stock market debut, likely causing some employees at networking giant Cisco's competitive intelligence team to put together some slides on what the implications of a wealthy, publicly-listed competitor are for networking incumbents.

Arista's stock increased 33 per cent on its debut day to $57 per share from an opening price of $43 per share, bringing in $225.8m dollars for the company.

Arista Networks makes networking equipment that is used by choosy, technically sophisticated customers such as Facebook, Equinix, Rackspace, and others.

It represents a threat to traditional network companies like Cisco, Juniper, and Brocade because it has always specialized in developing the software for its products independently of its hardware, giving its technology greater flexibility relative to rivals who are only now waking to the possibilities of, as marketers call it, software-defined networking.

When Arista told the US Securities and Exchange Commission at the end of March that it planned to IPO it revealed that it had been profitable for the past four years, which is refreshing given the profit-shy tendencies for other tech startups such as Box.

Arista Networks was founded in 2004 and shipped its first product in 2008. Its chairman is Sun Microsystems's co-founder Andy Bechtolsheim who, in his later life, has turned into a kind of human money-printing machine imparting many of the techs he touches with good fortune. Another one of his startups, DSSD, was recently acquired by storage giant EMC for an undisclosed sum. ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.