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