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Aruba Networks (NASDAQ: ARUN) received a number of price target changes and ratings updates during the last week:

  • Aruba Networks had its price target raised by analysts at Barclays from $21.00 to $25.00. They now have an “overweight” rating on the stock.
  • Aruba Networks had its price target raised by analysts at BMO Capital Markets from $21.00 to $23.00.
  • Aruba Networks was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $21.00 price target on the stock, up previously from $15.00.
  • Aruba Networks had its price target raised by analysts at Stifel Nicolaus from $24.00 to $26.00. They now have a “buy” rating on the stock.
  • Aruba Networks had its price target raised by analysts at Piper Jaffray from $26.00 to $28.00.
  • Aruba Networks was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $25.00 price target on the stock.
  • Aruba Networks had its price target lowered by analysts at Pacific Crest from $63.00 to $62.00.
  • Aruba Networks had its price target raised by analysts at Mizuho from $20.00 to $21.00. They now have a “neutral” rating on the stock.
  • Aruba Networks had its price target raised by analysts at Imperial Capital from $23.00 to $26.00. They now have an “outperform” rating on the stock.
  • Aruba Networks had its price target raised by analysts at Cowen and Company from $27.00 to $28.00.

Aruba Networks, Inc. (NASDAQ:ARUN) opened at 21.12 on Thursday. Aruba Networks, Inc. has a 1-year low of $15.97 and a 1-year high of $23.58. The stock has a 50-day moving average of $18.94 and a 200-day moving average of $19.07. The company’s market cap is $2.267 billion.

Aruba Networks (NASDAQ:ARUN) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $202.90 million for the quarter, compared to the consensus estimate of $194.83 million. During the same quarter last year, the company posted $0.12 earnings per share. Aruba Networks’s revenue was up 32.5% compared to the same quarter last year. On average, analysts predict that Aruba Networks, Inc. will post $1.10 earnings per share for the current fiscal year.

In other Aruba Networks news, Director Michael R. Kourey sold 3,125 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $21.10, for a total value of $65,937.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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