Aruba (ARUN +3%) launches a new $100M buyback program to replace a similar program (launched in...

|About: Aruba Networks, Inc. (ARUN)|By:, SA News Editor

Aruba (ARUN +3%) launches a new $100M buyback program to replace a similar program (launched in June '12) that was recently exhausted. The authorization is good for buying 5% of shares at current levels. It arrives with shares down sharply from their March highs thanks to May's bad earnings news (I, II).