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Aruba Networks (ARUN -19.6%) dives after warning it expects FQ3 (April quarter) revenue of...

Aruba Networks (ARUN -19.6%) dives after warning it expects FQ3 (April quarter) revenue of $144M-$147M and EPS of $0.11-$0.12, well below a consensus of $160.5M and $0.20. The enterprise/carrier Wi-Fi hardware maker says it "saw a push out in customer orders across the Americas, Europe and Asia," something it mostly blames on macro. The warning comes as rival Ruckus (RKUS -21.1%) gets crushed due to a Q1 miss and light Q2 guidance, and is hit with a downgrade to Neutral from Lazard. Aruba depends more on enterprise sales than Ruckus; both face strong competition from Cisco (CSCO -1.1%), which seems to be lower in sympathy.
Comments (1)
  • thatsthetruthofit
    , contributor
    Comments (85) | Send Message
     
    Prashant Gandhi left Cisco yesterday. Gandhi is just the most recent Cisco SDN leader to depart. David Meyer, a Cisco veteran who was focusing on SDN and OpenFlow left last year followed by Tom Black who left for Arista Networks.
    7 May 2013, 12:33 PM Reply Like
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