Market Overview

UPDATE: Pacific Crest Raises PT on Aruba Networks on Multiple Positive Factors

Related ARUN
California State University, Los Angeles is First CSU Campus to Deploy Aruba Networks Full Gigabit Wi-Fi Infrastructure
Should You Get Rid Of Coherent Now?

In a report published Wednesday, Pacific Crest Securities analyst Brent Bracelin reiterated an Outperform rating on Aruba Networks (NASDAQ: ARUN), and raised the price target from $20.00 to $21.00.

In the report, Pacific Crest Securities noted, “Missteps and competition have sent ARUN down 17% YTD. It now looks undervalued, especially if new cloud products, healthy Wi-Fi demand and the Brocade deal send y/y growth back to 20% or more. Buy ARUN with 21% upside to $21.”

Aruba Networks closed on Tuesday at $17.42.

Latest Ratings for ARUN

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

View More Analyst Ratings for ARUN
View the Latest Analyst Ratings

Posted-In: Brent Bracelin Pacific Crest SecuritiesAnalyst Color Price Target Analyst Ratings


Related Articles (ARUN)

Around the Web, We're Loving...

Get Benzinga's Newsletters