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Aruba Networks, Inc. (ARUN)

  • Jul. 2, 2013, 12:46 PM
    Ruckus (RKUS +8.6%) is skying higher following Piper's bullish coverage launch. Analyst Gus Richard predicts 2/3 of mobile data traffic will be offloaded onto Wi-Fi and small cell networks by 2017, up from ~1/3 in 2012, and observes the new Hotspot 2.0 standard will allow consumers to seamlessly connect to carrier Wi-Fi networks. He also reports Ruckus' SmartCell Gateway controller (believed to carry high margins) is "in production at several operators," that pushed-out Chinese orders will return, and that new carrier deal announcements will act as catalysts. Richard's commentary also has implications for rival Aruba (ARUN +1.4%).
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  • Jun. 17, 2013, 11:10 AM
    Maxim starts Aruba (ARUN +2.7%) with a Buy and $17 PT, sending shares above $15. The enterprise Wi-Fi hardware vendor is still well below where it traded prior to delivering an FQ2 warning and light FQ3 guidance last month, and receiving many downgrades as a result.
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  • May. 17, 2013, 12:45 PM
    Midday top 10 gainers: RSOL +60%. VNDA +23%. SCTY +19%. ORMP +16%. VSAT +16%. COCO +16%. NBG +14%. MHGC +13%. JRCC +13%. MVIS +12%.
    Midday top 10 losers: ARUN -27%. UNXL -23%. COSI -14%. AFOP -12%. MNGA -12%. FSGI -10%. YOKU -10%. ALIM -9%. EGLE -9%. GIG -9%.
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  • May. 17, 2013, 10:16 AM
    Aruba (ARUN -26.8%) is slammed with 9 downgrades after providing light guidance to go with its FQ3 results. Aruba is "likely dealing with a multi-quarter, if not structural, change in its competitive landscape and growth rate," writes Needham, cutting shares to Hold. Wells Fargo, downgrading to Market Perform, notes Cisco (CSCO - 27% Y/Y Wi-Fi growth in FQ3) is extending its efforts to bundle Wi-Fi hardware with other enterprise gear to Europe/Asia, and that Aruba plans to invest more to compete better. Along with the report, Aruba announced it's buying Meridian Apps, a developer of mapping/navigation software for hotels, subways, hospitals, etc. (transcript)
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  • May. 17, 2013, 9:10 AM
    Premarket gainers: MHGC +20%. NBG +19%. JRCC +8%. HALO +6%. RKUS +5%.
    Losers: ARUN -27%. ADSK -7%.
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  • May. 16, 2013, 5:41 PM
    After-hours top gainers, as of 5:15 p.m.: SINA +4.7%. EA +2.7%. NBG +2.5%. AKAM +2.4%. DYAX +2.4%.
    After-hours top losers: ARUN -13.7%. ADSK -5.2%. BRCD -4.9%. JWN -3.5%. EGLE -2.4%.
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  • May. 16, 2013, 5:38 PM
    Aruba (ARUN) -16.2% AH after guiding on its FQ3 call for FQ4 revenue $148M-$150M and EPS of $0.10-$0.12, below a consensus of $157.1M and $0.17. Management admits it's seeing tougher competition from Cisco (CSCO), which is now bundling its Wi-Fi solutions with its routers and data center products - Cisco just reported 27% Y/Y growth for April quarter Wi-Fi sales. Aruba now -34% since its May 7 warning.
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  • May. 16, 2013, 4:06 PM
    Aruba Networks (ARUN): FQ3 EPS of $0.11 misses by $0.01. Revenue of $147.1M misses by $7.49M. Shares -2.3% AH. (PR)
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  • May. 16, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET
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  • May. 15, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET
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  • May. 15, 2013, 5:32 PM
    More from Cisco's (CSCO) FQ3 call: Orders +4% Y/Y, better than FQ2's flat growth. Americas +7% (+2% in FQ2) with U.S. public sector +5% after many quarters of weakness. EMEA flat, better than FQ2's -6%. Asia-Pac/Japan +1%, down from +3% due to tough comps and China issues. "Emerging countries" +13%, aided by India's +29%. Book-to-bill around 1. Switch revenue -2% Y/Y as campus weakness (share loss?) offsets data center/10G strength. Routers flat. Wi-Fi +27% in spite of warnings from ARUN and RKUS; carrier Wi-Fi +100%. Data center +77% as UCS servers keep gaining share. Security -4%. The carrier capex environment is still soft, but Cisco claims share gains. Product mix impacted gross margin guidance. (previous)
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  • May. 7, 2013, 7:02 PM
    Though Ruckus (RKUS -26.2%) claims its Q1 miss and soft guidance aren't tied to competition, "it is difficult to reconcile the implied disparity between Ruckus’ growth and that of the overall [carrier] Wi-Fi market," says Lazard, discussing its downgrade to Neutral. However, other companies, such as F5 and Fortinet, have also reported soft carrier demand for discretionary projects. Meanwhile, Raymond James thinks Ruckus and Aruba's (ARUN -22.8% - previous) warnings, along with Motorola Solutions' (MSI) guidance, suggests enterprise Wi-Fi growth is slowing.  Market leader Cisco (CSCO -2%), whose Wi-Fi unit posted 27% Y/Y growth last quarter, reports on May 15.
  • May. 7, 2013, 12:52 PM
    Midday top 10 gainers: FSGI +28%. ARCI +27%. ININ +18%. MELI +18%. NLS +18%. PRTS +18%. REED +16%. PODD +14%. LAS +12%. MKTG +12%.
    Midday top 10 losers: DCO -27%. RKUS -25%. GNK -24%. CUTR -23%. ARUN -22%. SNTA -15%. AMRI -12%. PIKE -12%. TA -12%. PTRY -11%.
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  • May. 7, 2013, 9:33 AM
    Aruba Networks (ARUN -19.6%) dives after warning it expects FQ3 (April quarter) revenue of $144M-$147M and EPS of $0.11-$0.12, well below a consensus of $160.5M and $0.20. The enterprise/carrier Wi-Fi hardware maker says it "saw a push out in customer orders across the Americas, Europe and Asia," something it mostly blames on macro. The warning comes as rival Ruckus (RKUS -21.1%) gets crushed due to a Q1 miss and light Q2 guidance, and is hit with a downgrade to Neutral from Lazard. Aruba depends more on enterprise sales than Ruckus; both face strong competition from Cisco (CSCO -1.1%), which seems to be lower in sympathy.
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  • May. 7, 2013, 9:13 AM
    Premarket gainers: SNTS +11%. ALU +11%. CVLT +8%. HIMX +7%. NSM +7%. FOSL +6%. DTV +6%.
    Losers: RKUS -24%. ARUN -17%. AKRX -7%. PAL -6%.
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  • May. 6, 2013, 4:33 PM
    Ruckus (RKUS) blames its Q1 miss on "delayed deployments by several service provider customers in the Americas, as well as challenging market conditions in China;" company insists competition isn't a factor. Q2 guidance is for revenue of $61M-$64M and EPS of $0.03-$0.04, largely below a consensus of $67.1M and $0.04. Gross margin rose 170 bps Q/Q and 390 bps Y/Y to 67.9%, a big reason the EPS miss wasn't as bad as the revenue miss. Opex +62% Y/Y, well above rev. growth of 27%. RKUS -17.9% AH. ARUN -2.8% in sympathy. CC at 5PM ET (webcast). (PR)
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Company Description
Aruba Networks Inc provides enterprise mobility solutions. It develops, markets and sells products and services designed to solve its customers' secure mobility requirements through its Mobile Virtual Enterprise (MOVE) architecture.