Tag Archives: arun

Aruba, Wi-Fi Gear Makers Seen Competing In Software

Corporate upgrades to next-generation Wi-Fi technology will boost network gear makers, but share gains are largely already built into stocks, says Morgan Stanley. Analyst James Faucette rates Aruba Networks (ARUN), Aerohive Networks (HIVE) and Ubiquiti Networks (UBNT) equal weight, and Ruckus Wireless (RKUS) as underweight. The enterprise market — big corporate, government, education and health system customers — has the highest average selling

Aruba Networks Gained Against Cisco Systems In Q4

Aruba Networks (ARUN) stock hit a six-month high Wednesday, a day after the company released fourth-quarter earnings that beat analyst estimates due to its successful competition with rival Cisco Systems and strong sales in the U.S. and elsewhere. The maker of wireless networking and security products gave top- and bottom-line estimates for the current quarter that also beat Wall Street views. Aruba also said it would cut about 70 workers, about

Aruba Looks To Ride Wireless Growth As Earnings Ahead

While Aruba Networks is in the process of rolling out a new generation of Wi-Fi products, its Q4 EPS ex items, out after the close Tuesday, is expected to nearly double. For Aruba Networks’s (ARUN) fiscal fourth quarter ended July 31, analysts expect revenue to rise 27% from the year-earlier quarter to $194.8 million. Earnings per share minus items, based on the consensus of analysts polled by Thomson Reuters, is expected to come in at 23 cents,