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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Aruba Networks on Strong Fiscal Q2 Results

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In a report published Friday, Jefferies reiterated its Hold rating on Aruba Networks (NASDAQ: ARUN), and raised its price target from $18.00 to $24.75.

Jefferies noted, “Aruba Networks reported impressive fiscal Q2'13 revenue and EPS results; however, we still believe the risk/reward is fairly balanced.”

Aruba Networks closed on Thursday at $20.80.

Latest Ratings for ARUN

DateFirmActionFromTo
Mar 2015Imperial CapitalDowngradesOutperformIn-line
Mar 2015Stifel NicolausDowngradesBuyHold
Mar 2015NeedhamDowngradesBuyHold

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Posted-In: JefferiesPrice Target Analyst Ratings

 

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