Aruba issues healthy FQ1 guidance, upbeat FY14 comments

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

Aruba (ARUN) guides on its CC for FQ1 revenue of $156M-$158M and EPS of $0.13-$0.14 vs. a consensus of $154.1M and $0.14.

The enterprise/carrier Wi-Fi hardware vendor also says it thinks it can return to 20% Y/Y rev. growth in the second half of FY14 (ends July '14). Analysts currently expect Aruba to post just 11.1% growth for the whole of FY14.

Shares haven't moved yet, but that could change.

Aruba crashed earlier this year thanks to disappointing earnings/guidance that stoked fears the company was losing share to Cisco, which has increasingly been bundled its Wi-Fi hardware with other products.

FQ4 results, PR