Auriga Starts Aruba Networks (ARUN) at Buy; WLAN Market Looks Appealing

Auriga initiates coverage on Aruba Networks (NASDAQ: ARUN) with a Buy. PT $28.00.

Auriga analyst said, "Mobility solutions stand at the core of attractive investments and the key underlying tenet behind our research coverage, and Aruba stands in a sweet spot earned through hard years of consistently delivering on quarterly sales and earnings. Moreover, the extension of product lines and the introduction of new product verticals has forced face-to-face competition with other industry heavyweights and deeper competition against the 800-pound gorilla in enterprise networking, yet Aruba continues to deliver uniquely solid results in both consistency and growth."

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 $23.86 yesterday.

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