Aruba Networks (ARUN) Upgraded to Buy at Stifel

Shares of Aruba Networks, Inc. (ARUN) are up 3% to $19.55 in pre-market trading Thursday. The gains may be attributed to an upgrade to ‘Buy’ from ‘Hold’ and $24.00 price target at brokerage and investment banking firm Stifel Nicolaus. In a note to clients this morning, the firm said it sees the mobility solutions company benefiting from positive wireless trends, with Aruba a share gainer over the next 52 weeks. Stifels’s new PT represents expected upside of 28.34% to the stock’s previous closing price of $18.70.

Speaking from a valuation-measure perspective, shares of Aruba Networks have a forward P/E of 18.43 and a P/E to growth ratio of 1.28. Price/sales for the t-12 period is at 3.04 while EPS is at ($0.37). The company has a market cap of $2.06 billion and a median Wall Street price target of $23.00 with a high target of $29.00. Currently there are 4 analysts that rate ARUN a ‘Strong Buy’, 12 rate it a ‘Buy’, 15 rate it a ‘Hold’, 1 rates it ‘Underperform’ and 1 rates it a ‘Sell’.

Profitability-wise, Aruba’s t-12 profit margin currently stands at (5.96%) while operating ones are at (1.82%). The company reported $300.18 million in cash vs. $0 in debt in its most recent quarter. ARUN is currently up 59 cents, printing a one year return of less than one percent, and a year-to-date return of around 6%.

The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.

Aruba Networks, Inc. provides enterprise mobility solutions worldwide. The company was founded in 2002 and is headquartered in Sunnyvale, California.

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