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Shares of Aruba Networks (NASDAQ:ARUN) have earned a consensus rating of “Buy” from the twenty-nine brokerages that are presently covering the company, American Banking & Market News reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.54.

In other Aruba Networks news, Insider Dominic P. Orr sold 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $18.50, for a total transaction of $92,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Aruba Networks (NASDAQ:ARUN) traded up 1.37% during mid-day trading on Tuesday, hitting $19.99. The stock had a trading volume of 523,044 shares. Aruba Networks has a one year low of $15.97 and a one year high of $23.58. The stock’s 50-day moving average is $17.85 and its 200-day moving average is $18.99. The company’s market cap is $2.174 billion.

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.

ARUN has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of Aruba Networks from a “hold” rating to a “buy” rating in a research note on Thursday, August 14th. 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.

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

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