Wedbush Morgan Upgrades Aruba Networks (ARUN) to Buy
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Wedbush Morgan upgrades Aruba Networks, Inc. (Nasdaq: ARUN) from Hold to Buy. Price target increased from $4.50 to $7.
Wedbush analyst says, "Our upgrade is based on the following reasons; (i) improved visibility in the key education, government and healthcare verticals (ii) continued share gains at the expense of rivals Cisco (Nasdaq: CSCO) and Motorola (NYSE: MOT) (iii) growth in sales and the customer base despite market conditions (iv) emergence of IBM as a significant partner (v) potential catalyst with earlier than expected N ratification and (vi) guidance which appears reasonable with potential upside to estimates. We think improved visibility and gathering momentum in the government, education and health care verticals (>50% of sales) should allow the company to meet or exceed estimates over the next four quarters and we advise investors to buy the stock."
To see more analyst ratings on ARUN Click Here.
Aruba Networks, Inc. delivers the enterprise network to users, wherever they work or roam, with user-centric networks that expand the reach of traditional port-centric networks.
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