Aruba Networks (ARUN -5.6%) is selling off after Wi-Fi hardware rivals NetGear and Ruckus...
Wednesday, February 13, 12:52 PM ETAruba Networks (ARUN -5.6%) is selling off after Wi-Fi hardware rivals NetGear and Ruckus Wireless provide disappointing calendar Q1 guidance (relative to investor expectations) to go with their Q4 reports (I, II). On its earnings call, NetGear (NTGR -9.5%) blamed its light guidance on weak service provider demand (not everyone is seeing the same) and macro challenges in the U.S. and Europe. Aruba's biggest rival, Cisco, reports after the close.
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