logo
  Join        Login             Stock Quote

Aruba Networks (ARUN) PT Cut To $17 By Deutsche Bank After Q3, 'Hold' Maintained

 May 18, 2012 04:21 PM
 


Deutsche Bank (DB) lowered its price target on shares of Aruba Networks Inc. (NASDAQ:ARUN) to $17 from $26, while maintaining its "Hold" rating.

Aruba reported Q3 revenues of $132 million, in line with DB's estimate and consensus of $132 million. Pro-forma EPS was $0.16, also in line with DB's estimate and consensus of $0.16. The company guided below expectations.

While the  brokerage sees continued growth in underlying markets, it remains cautious on the company's outlook, meriting a continued "Hold" rating.

Aruba Networks connects local and remote users to corporate information technology resources via distributed enterprise networks. Its portfolio of campus, branch office, teleworker, and mobile solutions simplify operations and provide secure access to all corporate applications and services regardless of a user's device or network.

ARUN closed Friday's regular session down 6.93% at $14.24.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageTwo Firms On The Cusp Of A Major Turnaround

When a company stumbles repeatedly, investors eventually throw in the towel and sell their shares. read on...

article imagePick a Valid Strategy, Stick With It

I’m not going to argue for any particular strategy here. My main point is this: every valid strategy is read on...

article imageHow to Prepare For A Correction Without Missing Out On Upside Potential

Recent market commentary is starting to remind me of the periods in 2000 and 2008 just before the bottom read on...

article imageBritain’s Boom Can Still Zoom

Don’t overthink the disconnect between strong UK GDP and wobbly UK stocks. Economic fundamentals should win read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.