Goldman Sachs Downgrades Aruba Networks (ARUN) to Neutral, Moving to the Sidelines
Get Alerts ARUN Hot Sheet
Price: $24.67 --0%
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 4 | New: 35
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 4 | New: 35
Join SI Premium – FREE
Goldman Sachs downgraded Aruba Networks (NASDAQ: ARUN) from Buy to Neutral but lifted its price target from $20 to $23.
The firm sees EPS only in-line with consensus as they expect ongoing investment in the business to keep operating margins range-bound.
"While we think further multiple expansion is warranted from current levels, given recent WiFi datapoints confirm our above-consensus estimates for the October/January quarters, our new $23 12-month price target leaves limited upside following share appreciation of 63% (vs. S&P 500 +4%) since the August low."
For an analyst ratings summary and ratings history on Aruba Networks click here. For more ratings news on Aruba Networks click here.
Shares of Aruba Networks closed at $21.51 yesterday.
The firm sees EPS only in-line with consensus as they expect ongoing investment in the business to keep operating margins range-bound.
"While we think further multiple expansion is warranted from current levels, given recent WiFi datapoints confirm our above-consensus estimates for the October/January quarters, our new $23 12-month price target leaves limited upside following share appreciation of 63% (vs. S&P 500 +4%) since the August low."
For an analyst ratings summary and ratings history on Aruba Networks click here. For more ratings news on Aruba Networks click here.
Shares of Aruba Networks closed at $21.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Downgrades Veradigm Inc (MDRX) to Hold
- Zalando SE (ZAL:GR) (ZLNDY) PT Lowered to EUR25.20 at Berenberg
- Lenzing AG (LNZ:AV) PT Lowered to EUR25 at Berenberg
Create E-mail Alert Related Categories
Analyst PT Change, DowngradesRelated Entities
Goldman Sachs, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!