Aruba Networks (ARUN) Set to Announce Earnings on Thursday
Aruba Networks (NASDAQ:ARUN) is scheduled to post its quarterly earnings results on Thursday, May 22nd. Aruba Networks has set its Q3 guidance at $0.19-0.20 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Aruba Networks (NASDAQ:ARUN) last announced its earnings results on Thursday, February 20th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the 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 expect Aruba Networks to post $0.76 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
Aruba Networks (NASDAQ:ARUN) opened at 19.77 on Wednesday. Aruba Networks has a 52-week low of $12.80 and a 52-week high of $23.58. The stock has a 50-day moving average of $19.6 and a 200-day moving average of $19.21. The company’s market cap is $2.111 billion.
A number of research firms have recently commented on ARUN. Analysts at Imperial Capital initiated coverage on shares of Aruba Networks in a research note on Monday. They set an “outperform” rating and a $23.00 price target on the stock. On the ratings front, analysts at Oppenheimer upgraded shares of Aruba Networks from a “market perform” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $24.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Aruba Networks from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 24th. They now have a $19.70 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Aruba Networks currently has a consensus rating of “Hold” and a consensus target price of $27.51.
In other Aruba Networks news, Insider Dominic Orr sold 200,000 shares of Aruba Networks stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $18.85, for a total value of $3,770,000.00. Following the sale, the insider now directly owns 225,000 shares of the company’s stock, valued at approximately $4,241,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Aruba Networks, Inc, is a provider of next-generation network access solutions for mobile enterprise networks.
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