UPDATE: Goldman Sachs Lowers PT on Aruba Networks from $31 to $28

Goldman Sachs has published a research report on Aruba Networks (NASDAQ: ARUN) lowering the price target.

In the report, Goldman Sachs wrote, "Aruba reported an F4Q11 (July) revenue beat and non-GAAP EPS in line with consensus/high-end of guidance assisted by a lower share count and tax rate. Aruba guided F1Q12 (October) above the Street for revenue and EPS."

Goldman Sachs rated Aruba Networks a BUY with a price target lowered from $31.00 to $28.00. Aruba closed Thursday at $17.14.