Aruba Networks Given Average Rating of “Buy” by Brokerages (NASDAQ:ARUN)
Shares of Aruba Networks (NASDAQ:ARUN) have been given a consensus rating of “Buy” by the twenty-nine brokerages that are currently covering the stock, Analyst Ratings Network reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.45.
In other Aruba Networks news, Insider Dominic P. Orr unloaded 200,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $16.33, for a total transaction of $3,266,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Aruba Networks (NASDAQ:ARUN) opened at 17.46 on Tuesday. Aruba Networks has a 52-week low of $15.97 and a 52-week high of $23.58. The stock has a 50-day moving average of $17.53 and a 200-day moving average of $19.21. The company’s market cap is $1.899 billion. Aruba Networks also was the recipient of unusually large options trading on Friday. Investors bought 7,522 call options on the company. This represents an increase of approximately 926% compared to the typical volume of 733 call options.
Aruba Networks (NASDAQ:ARUN) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. The company had revenue of $18.80 million for the quarter, compared to the consensus estimate of $180.80 million. During the same quarter last year, the company posted $0.11 earnings per share. Aruba Networks’s revenue was up 28.3% compared to the same quarter last year. Analysts expect that Aruba Networks will post $0.76 EPS for the current fiscal year.
A number of research firms have recently commented on ARUN. Analysts at Barclays reiterated an “overweight” rating on shares of Aruba Networks in a research note on Thursday. They now have a $21.00 price target on the stock, down previously from $25.00. Separately, analysts at RBC Capital cut their price target on shares of Aruba Networks from $28.00 to $23.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Aruba Networks from an “underperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $20.60 price target on the stock.
Aruba Networks, Inc, is a provider of next-generation network access solutions for mobile enterprise networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.