Aruba Networks Shares Up 3%; Janney Lifted Price Target to $22, Reiterated Neutral Ahead of Earnings

Janney Capital earlier reiterated Aruba Networks, Inc.

with a Neutral and raised the price target from $20.00 to $22.00. The firm's Bill Choi believes the failure at Cisco to benefit from the Airornet 3700 product could bode well for Aruba Networks. Aruba Networks is currently expected to report quarterly figures on Feb. 20th. Choi feels shares of Aruba will move higher following the report, and said he is looking for a more favorable price to enter the stock. Shares of Aruba Networks last traded at $20.36, up more than 3 percent for the session.