Aruba Networks (NASDAQ:ARUN)‘s stock had its “hold” rating reaffirmed by investment analysts at UBS AG in a note issued to investors on Wednesday, American Banking News reports. They currently have a $18.00 target price on the stock. UBS AG’s price objective would indicate a potential upside of 0.84% from the stock’s previous close.
A number of other firms have also recently commented on ARUN. Analysts at Pacific Crest raised their price target on shares of Aruba Networks (NASDAQ:ARUN) from $20.00 to $21.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Piper Jaffray Cos. initiated coverage on shares of Aruba Networks (NASDAQ:ARUN) in a research note to investors on Tuesday, September 17th. They set an “overweight” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.58.
Shares of Aruba Networks (NASDAQ:ARUN) traded up 1.12% on Wednesday, hitting $18.05. The stock had a trading volume of 1,276,835 shares. Aruba Networks has a 1-year low of $12.38 and a 1-year high of $26.78. The stock has a 50-day moving average of $17.42 and a 200-day moving average of $18.26. The company’s market cap is $2.082 billion.
Aruba Networks (NASDAQ:ARUN) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $149.33 million. During the same quarter last year, the company posted $0.18 earnings per share. Aruba Networks’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Aruba Networks will post $0.67 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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