Meru Networks (MERU -13.5%) makes new lows after warning it expects Q1 revenue of $19M-$19.5M...

|About: Meru Networks, Inc. (MERU)|By:, SA News Editor

Meru Networks (MERU -13.5%) makes new lows after warning it expects Q1 revenue of $19M-$19.5M (consensus is for $21.9M), and blaming the shortfall on sales, product, and CEO transition issues. Shares are down 76% from a 2010 IPO price of $15. Auriga thinks larger enterprise Wi-Fi rival Aruba Networks (ARUN +0.6%) has nothing to worry about, given Meru's issues are company-specific.