Arista Networks (ANET, Financial) is set to expand its technology portfolio with plans to purchase VeloCloud from Broadcom. The acquisition, valued at less than $1 billion, involves VeloCloud’s advanced Software-Defined Wide Area Network (SD-WAN) technology, which is widely used in the telecommunications sector. This strategic move aims to enhance Arista’s offerings in network solutions, potentially bolstering its market position.
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Based on the one-year price…
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https://www.gurufocus.com/news/2865739/arista-anet-looks-to-acquire-velocloud-from-broadcom-for-under-1-billion-anet-stock-news
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