Arista files for IPO

From Dan Primak’s Term Sheet email

Arista Networks Inc., a Santa Clara, Calif.-based provider of cloud networking solutions, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol ANET, with Morgan Stanley and Citigroup leading a 17-bank underwriter group. The company reports $42 million of net income on $361 million in revenue for 2013, compared to $21 million in net income on $193 million in revenue for 2012. Shareholders include Andy Bechtolsheim.

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