Aruba Networks (ARUN) to Delay 10-K FIling with SEC

October 1, 2012 5:18 PM EDT
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Price: $24.67 --0%

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Total operating expenses: 130.65M

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Aruba Networks, Inc. (Nasdaq: ARUN) requires additional time to complete its assessment of the review, analysis and testing of the design and operating effectiveness of the Registrant’s internal control over financial reporting, principally stemming from deficiencies identified in the Registrant’s information technology (IT) controls, which will be included with the filing of the Registrant’s Annual Report on Form 10-K (the “Annual Report”) for the Registrant’s fiscal year ended July 31, 2012. This delay could not be eliminated by the Registrant without unreasonable effort or expense. Accordingly, the Registrant is unable to file the Annual Report on a timely basis.

The Registrant does not expect any adjustments to its financial results for the fourth quarter and fiscal year ended July 31, 2012, as previously announced on August 23, 2012, resulting from the completion of its assessment of its internal control over financial reporting.1 The Registrant expects to file the Annual Report within the extension period of fifteen calendar days provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended.

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