Wedbush Reiterates Outperform Rating on Aruba Networks

Wedbush is out with a research report this morning, where it reiterates its Outperform rating on Aruba Networks (NASDAQ: ARUN); it has a $26.00 price target on the stock.

The Wedbush analysts cited the company's recent earnings results, which were better than expected. Q2 guidance was also ‘solid.'

The analysts are raising FY12/FY13 revenue estimates and adjusting EPS to reflect taxes and acquisitions. FY12 revenue goes to $511mn from $505mn, while FY12 EPS goes to $0.60 from $0.61. The analysts also raised FY13 revenue to $601mn from $588mn and decreased FY12 EPS to $0.69 from $0.70.