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AMAZON.COM

(AMZN)
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Amazon com : to Acquire Home WiFi Company Eero

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02/11/2019 | 05:15pm EDT

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 17 721 M
Net income 2019 13 987 M
Finance 2019 33 759 M
Yield 2019 -
P/E ratio 2019 70,74
P/E ratio 2020 49,36
EV / Sales 2019 3,32x
EV / Sales 2020 2,73x
Capitalization 947 B
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Technical analysis trends AMAZON.COM
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Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 2 060 $
Spread / Average Target 7,1%
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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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