Goldman Sachs Suggests Buying Calls on Aruba Networks (ARUN)
March 09, 2011 10:47 AM
Goldman Sachs is out with a research note this morning, where it suggests that traders buy calls on Aruba Networks (NASDAQ: ARUN) ahead of its analyst day.
Goldman Sachs Communications Equipment Analyst, Simona Jankowski, expects Buy rated Aruba (9% upside to 12-month price target of $34) to host an upbeat Analyst Day.
The analyst does not believe that options are pricing in a meaningful move on their analyst day.
Goldman suggests buying the March $32.00 call for $1.05.
Aruba Networks, Inc. connects local and remote users to corporate information technology resources via distributed enterprise networks. The company's portfolio of campus, branch office, teleworker, and mobile solutions simplify operations and provide secure access to all corporate applications and services regardless of a user's device, location, or network.
