Market Overview

UPDATE: Morgan Stanley Initiates Coverage on Aruba Networks with Equal-Weight Rating

Related ARUN
Nokia Hits 52-Week High of $8.40 on Pivotal Deal Wins
FCC Adds To School Wi-Fi Spending; Pacific Crest Views Aerohive As 'Well Positioned'

In a report published Wednesday, Morgan Stanley initiated coverage on Aruba Networks (NASDAQ: ARUN) with an Equal-Weight rating.

Morgan Stanley noted, “Initiating on ARUN with an EW rating but a positive bias as we believe the company sits between the 802.11n product cycle of '09-'11 and the Bring Your Own Device- driven 802.11ac upgrade cycle starting late '13. Together with weak US enterprise spending overall, we are cautious near term.”

Aruba Networks closed on Tuesday at $19.48.

Latest Ratings for ARUN

Sep 2014Morgan StanleyInitiates Coverage onEqualweight
Aug 2014UBSUpgradesNeutralBuy
Aug 2014BarclaysMaintainsOverweight

View More Analyst Ratings for ARUN
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Analyst Ratings


Related Articles (ARUN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters