Aruba Networks Up 3% (ARUN)
Shares of red hot Aruba Networks (NASDAQ: ARUN) have risen another 3% during Thursday's trading session to $25.57. Over the last 3 months, ARUN shares have surged almost 24%. The company currently has a market cap of $2.52 billion, but has yet to turn a profit.
Aruba Networks (ARUN) is currently trading at a forward P/E of 39, and a PEG ratio of 1.80. The median Wall Street price target on the stock is $24.00 with a high target of $27.00.
Aruba Networks, Inc. connects local and remote users to corporate information technology (IT) resources via distributed enterprise networks. The Company's portfolio of campus, branch office, teleworker, and mobile solutions simplify operations and provide secure access to all corporate applications and services regardless of a user's device, location, or network.
