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MarketScreener Homepage  >  Equities  >  Nyse  >  Arista Networks, Inc.    ANET

ARISTA NETWORKS, INC.

(ANET)
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Delayed Quote. Delayed Nyse - 11/30 04:10:00 pm
270.7 USD   -0.68%
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Arista : Announces Acquisition of Awake Security

09/28/2020 | 12:37pm EST

AI-driven network detection and response for client to cloud network security

SANTA CLARA, Calif. -- Arista Networks (NYSE:ANET), a leader in cognitive cloud networking, today announced that it has entered into a definitive agreement to acquire Awake Security, a Network Detection and Response (NDR) platform provider that combines artificial intelligence (AI) with human expertise to autonomously hunt and respond to insider and external threats.

The Awake platform is recognized for bringing great value with outstanding ROI between features and cost within the NDR market and ranked #1 by Enterprise Management Associates (EMA). Awake is also widely acknowledged for NDR technical leadership by many, including Emerging Technology Research, IT Central Station and Frost & Sullivan. In 2019, Awake received Frost & Sullivan's Visionary Innovation Leadership Award for its innovation, high customer satisfaction and overall performance.

"We see an exciting future for Awake within the Arista family," said Rahul Kashyap, CEO for Awake Security. "Awake pioneered NDR platforms for real-time AI-driven situational awareness to secure digital assets and then respond to mitigate those risks. This acquisition allows us to further that mission."

"We warmly welcome Awake Security to the Arista team," stated Anshul Sadana, COO for Arista Networks. "With the proliferation of users, devices and Internet of Things (IOT), Awake's best of breed threat detection platform is synergistic with Arista's market leading cognitive cloud networks, delivering proactive security for our customers."

The transaction is expected to close in Arista's fiscal Q4 FY2020, subject to customary closing conditions, including regulatory approvals. This acquisition is not expected to have a material impact on fiscal 2020 operating results.

For more details, read Rahul Kashyap's blog here and Jayshree Ullal's blog here. Arista and Awake executives will host a Webinar on "The AI-Driven Security Transformation" on October 15, at 10:00 AM PT. To attend please register here.

About Arista Networks

Arista Networks is an industry leader in cognitive cloud networking solutions for large data center and campus environments. Arista's award-winning platforms deliver availability, agility, automation analytics and security through CloudVision® and Arista EOS®, an advanced network operating system. For more information visit www.arista.com.

Media Contact

Amanda Jaramillo

Corporate Communications

Tel: (408) 547-5798

amanda@arista.com

Investor Contact

Curtis McKee

Corporate and Investor Development

Tel: (408) 547-5701

curtism@arista.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 2 297 M - -
Net income 2020 617 M - -
Net cash 2020 2 707 M - -
P/E ratio 2020 35,0x
Yield 2020 -
Capitalization 20 482 M 20 482 M -
EV / Sales 2020 7,74x
EV / Sales 2021 6,55x
Nbr of Employees 2 300
Free-Float 71,7%
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Technical analysis trends ARISTA NETWORKS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 257,67 $
Last Close Price 270,70 $
Spread / Highest target 14,5%
Spread / Average Target -4,81%
Spread / Lowest Target -32,0%
EPS Revisions
Managers
NameTitle
Jayshree V. Ullal President, Chief Executive Officer & Director
Andy Bechtolsheim Chairman & Chief Development Officer
Anshul Sadana Chief Operating Officer & Senior Vice President
Ita M. Brennan CFO, Chief Accounting Officer & SVP
Kenneth Duda Chief Technology Officer, SVP-Software Engineering
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