Auriga Reiterates a 'Buy' on Aruba Networks (ARUN); Cisco (CSCO) News Validates Investment Theme

Auriga reiterates a 'Buy' on Aruba Networks (NASDAQ: ARUN) price target of $28.00.

Auriga analyst said, "Last week, Cisco Systems (Nasdaq: CSCO) issued a press release highlighting the company's emphasis in developing its customers' ability to support broad capabilities that allow employees more flexibility, both in the types of devices they use and where they use them. The release illustrates just how important corporate IT network security and functionality are in providing a favorable work environment for employees that want technology choices and freedom, which clearly coincides with one of the key investment themes behind our bullish stand on Aruba. In advance of Aruba's annual analyst event coming this Wednesday in New York, and coincident with the Cisco news, we are reiterating our rating."

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 $23.94 yesterday.

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