Aruba Networks (ARUN) Scheduled to Post Earnings on Tuesday
Aruba Networks (NASDAQ:ARUN) is set to release its Q414 earnings data on Tuesday, August 26th. Analysts expect Aruba Networks to post earnings of $0.23 per share and revenue of $194.83 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Aruba Networks (NASDAQ:ARUN) opened at 19.90 on Monday. Aruba Networks has a one year low of $15.97 and a one year high of $23.58. The stock has a 50-day moving average of $18.13 and a 200-day moving average of $19.01. The company’s market cap is $2.164 billion.
A number of analysts have recently weighed in on ARUN shares. 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. On the ratings front, 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 equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $22.80.
In other Aruba Networks news, Insider Keerti Melkote sold 54,000 shares of Aruba Networks stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $20.06, for a total value of $1,083,240.00. The sale was disclosed in a filing with the SEC, 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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