Morgan Joseph initiates Aruba Networks (ARUN) with a Buy
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Morgan Joseph initiates coverage on Aruba Networks (NASDAQ: ARUN) with a Buy rating and a $6.50 price target.
The firm said, "Aruba stands as the leading non-Cisco Systems, commercial, end-to-end Wi-Fi systems vendor. We believe a large base of top-tier customers across a broad spectrum of vertical industry segments speaks to the superior mix of features and functionality in Aruba's offering. Proprietary software and wireless technology upgrades should defend margins as use of integrated Wi-Fi is expected to expand rapidly worldwide."
Aruba Networks, Inc. provides an enterprise mobility solution that enables secure access to data, voice, and video applications across wireless and wireline enterprise networks in the United States and internationally.
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