Aruba Networks (ARUN -7.3%) makes new 52-week lows after posting in-line FQ3 results and guiding...
Friday, May 18, 2012, 2:23 PM ETAruba Networks (ARUN -7.3%) makes new 52-week lows after posting in-line FQ3 results and guiding on its earnings call for FQ4 revenue of $136M-$138M and EPS of $0.16-$0.17 (consensus is at $138.9M and $0.17. Fellow Wi-Fi equipment vendors Ubiquiti Networks (UBNT -7.6%) and NetGear (NTGR -4.1%) are also getting hit. Auriga (Buy) notes weak Euro demand is having an impact - archrival Cisco (CSCO) reported the same, but its wireless sales were also healthy. (also)
TECH ETFs IN FOCUS
Latest Tech Articles