Aruba Networks’ (ARUN) ramp up of a lower-priced, next-generation Wi-Fi product should help the network gear maker improve profit margins amid a changing enterprise market, says Piper Jaffray. Aruba has a head start in building next-generation 802.11ac Wi-Fi equipment but has been set back in recent quarters by price competition. Piper Jaffray analyst Troy Jensen says Aruba’s 205 AP Wi-Fi product, which began shipping in May, targets the low-end
Aruba Networks (ARUN) stock fell Friday as its Q3 beat and better-than-expected outlook didn’t dispel fear of tough competition. Aruba’s numbers were a mixed bag as the company competes with Cisco Systems (CSCO) and other rivals, Amitabh Passi, an analyst for UBS Securities, said in a research note Friday. Passi cut his price target from 22 to 21. Aruba Networks stock was down 12% in afternoon trading in the stock market today, near 17.50, a
Aruba Networks’ (ARUN) stock popped Friday after the wireless gear maker reported fiscal Q2 earnings and revenue above expectations while touting customer wins vs. top rival Cisco Systems (CSCO). Aruba Networks shares gapped up 8% in early trading in the stock market today to a 10-month high near 23. Aruba late Thursday also announced that it’s added $200 million to its stock buyback program. For its fiscal Q2 ended Jan. 31, Aruba reported EPS