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

Bridging the IT gap between rising business demands and ageing tools

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. ®

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.