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Aruba Networks (NASDAQ:ARUN) Insider Dominic P. Orr sold 5,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.50, for a total value of $92,500.00. Following the completion of the sale, the insider now directly owns 200,000 shares of the company’s stock, valued at approximately $3,700,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Aruba Networks (NASDAQ:ARUN) opened at 19.49 on Monday. Aruba Networks has a 52 week low of $15.97 and a 52 week high of $23.58. The stock’s 50-day moving average is $17.7 and its 200-day moving average is $19.0. The company’s market cap is $2.119 billion.

Aruba Networks (NASDAQ:ARUN) last released its earnings data on Thursday, May 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, analysts predict that Aruba Networks will post $0.76 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Aruba Networks from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $24.00 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of Aruba Networks in a research note on Wednesday, July 16th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of Aruba Networks from a “neutral” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $24.00 price target on the stock, up previously from $22.00. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Aruba Networks currently has an average rating of “Buy” and a consensus price target of $27.54.

Aruba Networks, Inc, is a provider of next-generation network access solutions for mobile enterprise networks.

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