Aruba Networks Price Target Increased to $23.00 by Analysts at BMO Capital Markets (ARUN)
Stock analysts at BMO Capital Markets hoisted their price objective on shares of Aruba Networks (NASDAQ:ARUN) from $20.00 to $23.00 in a report issued on Friday, StockRatingsNetwork.com reports. BMO Capital Markets’ price target suggests a potential upside of 11.00% from the stock’s previous close.
Aruba Networks (NASDAQ:ARUN) opened at 20.72 on Friday. Aruba Networks has a 1-year low of $12.38 and a 1-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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Aruba Networks will post $0.73 EPS for the current fiscal year.
A number of other firms have also recently commented on ARUN. Analysts at Pacific Crest raised their price target on shares of Aruba Networks from $21.00 to $27.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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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