UBS maintains a 'Buy' on Aruba Networks (NASDAQ: ARUN); Meeting Takeaways: Encouraging Model Update, But Growth Acceleration To Take Time

UBS maintains a 'Buy' on Aruba Networks (NASDAQ: ARUN) price target lowered from $30 to $26 (citing less acceleration visibility).

Analyst, Jack Monti, said, "Aruba has a strong competitive position with secular share gain through its 10 yr history. Vision and strategy are industry leading. Now turning to the next decade, it targets broader unified enterprise access (enterprise WLAN, VPN, Ethernet SW for a ~$14B TAM in 2016). It sees differentiation (ClearPass, etc.) on BYOD w/ transforming enterprise networks on device proliferation (iPads, iPhones, tablets (Nasdaq: AAPL))."

UBS raises FY12 EPS estimate from $0.02 to $0.03 and FY13 from $0.28 to $0.29.

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 $22.47 yesterday.

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