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AMAZON.COM

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Amazon com : to Acquire Home WiFi Company Eero

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02/11/2019 | 05:15pm EST

Amazon.com, Inc. (AMZN) on Monday said it has signed an agreement to acquire eero, makers of a home WiFi system.

Financial terms of the deal weren't disclosed.

"We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work," said Dave Limp, SVP of Amazon Devices and Services.

Amazon said eero's products and services have ranked high with customers on the Amazon website.

Eero was founded in 2014 in San Francisco.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

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Financials ($)
Sales 2019 275 B
EBIT 2019 17 613 M
Net income 2019 13 940 M
Finance 2019 35 040 M
Yield 2019 -
P/E ratio 2019 59,35
P/E ratio 2020 41,24
EV / Sales 2019 2,74x
EV / Sales 2020 2,25x
Capitalization 790 B
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Technical analysis trends AMAZON.COM
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 2 048 $
Spread / Average Target 27%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Thomas O. Ryder Independent Director
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