Aruba Networks Given New $27.00 Price Target at Pacific Crest (ARUN)
Analysts at Pacific Crest lifted their price objective on shares of Aruba Networks (NASDAQ:ARUN) from $21.00 to $27.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Pacific Crest’s target price suggests a potential upside of 30.31% from the stock’s previous close.
Aruba Networks (NASDAQ:ARUN) opened at 20.72 on Friday. Aruba Networks has a one year low of $12.38 and a one year high of $26.26. The stock’s 50-day moving average is $19.83 and its 200-day moving average is $18.33. The company’s market cap is $2.261 billion.
Aruba Networks (NASDAQ:ARUN) last announced its earnings results on Thursday, February 20th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.01. The company had revenue of $176.40 million for the quarter, compared to the consensus estimate of $167.57 million. On average, analysts predict that Aruba Networks will post $0.73 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ARUN. Analysts at UBS AG raised their price target on shares of Aruba Networks from $19.00 to $22.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of Aruba Networks from $24.00 to $29.00 in a research note on Friday. Finally, analysts at Dougherty & Co initiated coverage on shares of Aruba Networks in a research note on Wednesday. They set a “buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. Aruba Networks presently has an average rating of “Hold” and an average price target of $26.93.
Aruba Networks, Inc, is a provider of next-generation network access solutions for mobile enterprise networks.
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