ARUN
Aruba Networks, Inc.NASDAQ
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  • Mar. 2, 2015, 8:49 AM
    • As rumored last week, HP (NYSE:HPQ) is buying Aruba Networks (NASDAQ:ARUN) in an all-cash deal for $24.67 per share. The transaction is expected to close in H2 of HP's fiscal 2015.
    • Previously: Bloomberg: HP in talks to buy Aruba Networks (Feb. 25)
    • ARUN -1.5% premarket to $24.44.
    • HP +0.6%
    | Mar. 2, 2015, 8:49 AM | 5 Comments
  • Feb. 25, 2015, 3:16 PM
    • Bloomberg reports HP (HPQ -10.1%) is in talks to acquire enterprise Wi-Fi hardware/software provider Aruba Networks (ARUN +22.5%), and that a deal could be announced as soon as next week. Aruba has skyrocketed on the report, and has taken rival Ruckus (RKUS +4.7%) higher with it. Aruba's market cap is now around $2.5B.
    • Aruba is the enterprise Wi-Fi market's #2 player - behind Cisco (NASDAQ:CSCO), which towers over the space - and HP is also in the top-5. IDC estimates Cisco, Aruba, Ruckus, and HP respectively had Q2 2014 enterprise Wi-Fi shares of 46.8%, 11.8%, 6.2%, and 4.5%.
    • HP, whose shares have plunged today due to an FQ1 revenue miss and soft guidance, saw its total networking revenue drop 11% Y/Y in FQ1 - "execution issues" in the U.S. and China were blamed. The IT giant has suggested it's open to making enterprise acquisitions ahead of its PC/printing spinoff.
    | Feb. 25, 2015, 3:16 PM | 5 Comments
  • Oct. 18, 2013, 12:55 PM
    • Reuters reports Motorola Solutions (MSI +0.1%) is thinking of selling its slumping enterprise Wi-Fi unit. One source cautions talks are in their early stages.
    • Motorola's Wi-Fi division sales fell by a mid-single digit % Y/Y in Q2, and by 30% in Q1. By contrast, IDC estimates global enterprise Wi-Fi sales rose 14.8% during the quarter.
    • Potential buyers include rivals Aruba (ARUN +1%), Ruckus (RKUS +0.1%), and Ubiquiti (UBNT +3%). Market leader Cisco could also make a bid, but with the company already having an estimated 58.4% Q2 share (per IDC), regulators might not be thrilled. Also, Cisco is in the midst of integrating Wi-Fi hardware/software vendor Meraki, which it bought for $1.2B.
    • Motorola's total enterprise sales fell 12% Y/Y in Q2, if one excludes the impact of the Psion acquisition; the Wi-Fi unit accounted for 8% of 2012 enterprise sales, or $216.7M. Q3 results arrive on Wednesday.
    | Oct. 18, 2013, 12:55 PM
  • Sep. 26, 2012, 12:15 PM

    Cisco (CSCO) has bought ThinkSmart, a developer of technology that analyzes Wi-Fi location data on enterprise and service provider networks. Cisco's wireless networking business has been a bright spot for the company, with sales rising 22% Y/Y in the July quarter in spite of strong competition from Aruba (ARUN). (Infonetics data)

    | Sep. 26, 2012, 12:15 PM