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UPDATE: Morgan Stanley Ugrades Aruba Networks to Overweight on Employee-Owned Device Growth

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Morgan Stanley upgraded Aruba Networks (NASDAQ: ARUN) from Equal-weight to Overweight and raised the price target from $18.00 to $28.00.

Morgan Stanley commented, "In our AlphaWise survey, resellers reported that their 2013 growth expectations for ARUN's solutions are ~2 points higher today than they were just 3 months ago, while the CIOs we polled downplayed the impact of the .11ac transition. In addition, Aruba Instant and ClearPass appear to be gaining momentum, with Instant enabling ARUN to defend its enterprise base and ClearPass, which helps IT managers enforce policies across an increasingly diverse and complex set of BYOD employee-owned mobile devices and tablets, pulling additional controller/ access point revenue."

Aruba Networks closed at $21.15 on Wednesday.

Latest Ratings for ARUN

DateFirmActionFromTo
Nov 2014Imperial CapitalMaintainsOutperform
Nov 2014JP MorganMaintainsNeutral
Nov 2014Bank of AmericaDowngradesNeutralUnderperform

View More Analyst Ratings for ARUN
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

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