Aruba Networks (NASDAQ:ARUN) had its price target upped by Cowen and Company from $22.00 to $24.00 in a research note issued to investors on Friday, Analyst Ratings Net reports.
ARUN has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Aruba Networks from $18.00 to $19.00 in a research note to investors on Friday. Separately, analysts at Needham & Company upgraded shares of Aruba Networks from a hold rating to a buy rating in a research note to investors on Friday. They now have a $24.00 price target on the stock. Finally, analysts at JMP Securities reiterated an outperform rating on shares of Aruba Networks in a research note to investors on Tuesday, November 19th. They now have a $22.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. Aruba Networks presently has a consensus rating of Hold and a consensus price target of $25.74.
Shares of Aruba Networks (NASDAQ:ARUN) traded down 2.57% on Friday, hitting $17.79. The stock had a trading volume of 1,265,547 shares. Aruba Networks has a 52-week low of $12.38 and a 52-week high of $26.78. The stock’s 50-day moving average is $18.41 and its 200-day moving average is $17.05. The company’s market cap is $2.052 billion.
Aruba Networks (NASDAQ:ARUN) last released its earnings data on Thursday, November 21st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.02. The company had revenue of $160.90 million for the quarter, compared to the consensus estimate of $157.50 million. During the same quarter last year, the company posted $0.18 earnings per share. Aruba Networks’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Aruba Networks will post $0.73 earnings per share for the current fiscal year.
Aruba Networks, Inc, is a provider of next-generation network access solutions for mobile enterprise networks.
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