Aruba Networks Price Target Raised to $22.00 at UBS AG (ARUN)
Equities researchers at UBS AG upped their target price on shares of Aruba Networks (NASDAQ:ARUN) from $19.00 to $22.00 in a research report issued on Friday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective points to a potential upside of 6.18% from the stock’s previous close.
A number of other firms have also recently commented on ARUN. 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. Separately, 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. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Aruba Networks from $20.00 to $22.00 in a research note on Tuesday. They now have a “fair value” rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the stock. Aruba Networks presently has an average rating of “Hold” and an average price target of $26.93.
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 issued its quarterly earnings data 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.
Aruba Networks, Inc, is a provider of next-generation network access solutions for mobile enterprise networks.
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