Aruba Networks (ARUN +14.4%) takes off after posting a strong FQ4 report that, along with rival...

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

Aruba Networks (ARUN +14.4%) takes off after posting a strong FQ4 report that, along with rival Cisco's FQ4 wireless sales data, showed the market for enterprise Wi-Fi gear remains a strong point in a soft IT spending climate. Deferred revenue reached $103M, +13% Q/Q and +50% Y/Y, and Cowen is happy with growing adoption of Aruba's network management software. During its earnings call, Aruba guided for FQ1 revenue of $141M-$143M and EPS of $0.17, in-line with a consensus of $141.4M and $0.17.