Tech Stocks Watchful! Arista Networks Inc (ANET), Zayo Group Holdings Inc (ZAYO)
Shares of Arista Networks Inc (NYSE:ANET) ended Wednesday session in red amid volatile trading. The shares closed down -0.92 points or -1.11% at $82.09 with 366,792 shares getting traded. Post opening the session at $82.80, the shares hit an intraday low of $81.74 and an intraday high of $82.99 and the price vacillated in this range throughout the day. The company has a market cap of $5.49 billion and the numbers of outstanding shares have been calculated to be 69.24 million shares.
Arista Networks Inc (ANET) announced next-generation telemetry and analytics capabilities designed for modern cloud networks. The new Arista EOS® (Extensible Operating System) and CloudVision® features provide customers with deep visibility into network workloads, workflows, and workstreams on a network-wide basis, accelerating completion of day-to-day tasks and reducing operational costs.
“The automated network operations in cloud networks are dependent on both a highly programmable software infrastructure as well as deeper visibility into what the network is doing. Legacy approaches to visibility fall short of these cloud requirements,” said Ken Duda, and CTO and Senior Vice President, Software Engineering for Arista Networks. “The Arista state-streaming approach provides an open framework with unprecedented levels of completeness and granularity for network state information. Our CloudVision platform harnesses streamed network state to provide customers of all types with clearer real-time and historical visibility into their network.”
Shares of Zayo Group Holdings Inc (NYSE:ZAYO) ended Wednesday session in green amid volatile trading. The shares closed up +0.06 points or 0.19% at $31.13 with 3.24 million shares getting traded. Post opening the session at $30.82, the shares hit an intraday low of $30.82 and an intraday high of $31.16 and the price vacillated in this range throughout the day. The company has a market cap of $7.51 billion and the numbers of outstanding shares have been calculated to be -0.31 million shares.
Zayo Group Holdings Inc (ZAYO) has named industry leader Amanda Tierney as executive vice president of Network Connectivity. In her role, she is responsible for the wavelengths, Ethernet, IP and SONET Strategic Business Units.
Tierney joins Zayo from Charter Communications where she served as vice president of Commercial Marketing. Prior to Charter, she held leadership positions during her nine-year tenure at Level 3 in customer care, market management, strategy, wholesale and large enterprise. She began her career at Citi as a financial analyst and investment officer. Tierney holds an MBA from Stanford and a Bachelor of Arts from Bucknell University.
“Amanda is a versatile and seasoned leader, with a strong background in technology, strategy and effective execution,” said Chris Morley, COO at Zayo. “She stands out as someone with the right combination of skills, technology expertise and leadership ability to help us navigate our continued growth.”