Heavily-shorted Aruba Networks (ARUN +6.9%) jumps following an upgrade to Overweight from Morgan...

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

Heavily-shorted Aruba Networks (ARUN +6.9%) jumps following an upgrade to Overweight from Morgan Stanley. A reseller survey indicates stronger growth expectations for Aruba than was the case 3 months ago, and momentum is strong for the company's Instant Wi-Fi access points/controllers and ClearPass management software, with the latter getting a lift from the BYOD trend. Yesterday, archrival Cisco reported 27% Y/Y growth for FQ2 Wireless division sales, though that's a slowdown from FQ1' 38%. Aruba's FQ3 report arrives on Feb. 21. (previous)