Needham Cuts Arris (ARRS), Aruba Networks (ARUN) from Buy to Hold

June 16, 2009 12:25 PM EDT

A Needham & Co. analyst has downgraded two stocks in the Communications Equipment sector today: Arris Group (Nasdaq: ARRS) and Aruba Networks (Nasdaq: ARUN). The analyst moved both stocks from Buy to Hold.

Shares of Arris have tumbled more than 6% on the news, while shares of Aruba have bounced sharply after this morning's open, now up 1.4% to $7.28.


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Stocks Mentioned

ARRS 10.90

+0.27 +2.54%
Volume: 2,076,392
Track ARRS

ARUN 9.11

+0.70 +8.32%
Volume: 2,630,805
Track ARUN


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