Aruba Networks (ARUN) -4.7% in response to Cisco's (CSCO) purchase of enterprise Wi-Fi...


Aruba Networks (ARUN) -4.7% in response to Cisco's (CSCO) purchase of enterprise Wi-Fi equipment/security appliance vendor Meraki. Cisco was already Aruba's top rival in enterprise Wi-Fi, and the addition of Meraki's solutions - differentiated by cloud-based management software that lowers admin costs and installation times - is bound to make life tougher, particularly in the SMB space. NetGear (NTGR) could also be affected. Cisco's wireless sales rose 38% Y/Y last quarter; Meraki has 20K customers and says it's on a $100M/year run rate. (Cisco/ThinkSmart)

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