Barclays Maintains an 'Overweight' on Aruba Networks (ARUN); Boosting Revenues on Accelerating Growth
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Price: $24.67 --0%
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on Aruba Networks (NASDAQ: ARUN) price target raised $1 to $28.
Analyst, Jeff Kvaal, said, "We think upside to our high-end EPS is likely; EPS power of ~$1.40: We think management believes ~20%-25% consensus growth estimates are too low; 30%+ is more likely. Our CY13 EPS thus rises to $1.00 on 30% sales growth from $0.97 on 25% growth; we estimate upside to ~$1.07 in 2013 on 35% growth, and EPS power of ~$1.40 in calendar 2014 based on the new long-term operating model on $1bn in sales."
Kvaal was also positive on Aruba's Analyst Day, as the company expressed confidence in growing revenues.
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.
Analyst, Jeff Kvaal, said, "We think upside to our high-end EPS is likely; EPS power of ~$1.40: We think management believes ~20%-25% consensus growth estimates are too low; 30%+ is more likely. Our CY13 EPS thus rises to $1.00 on 30% sales growth from $0.97 on 25% growth; we estimate upside to ~$1.07 in 2013 on 35% growth, and EPS power of ~$1.40 in calendar 2014 based on the new long-term operating model on $1bn in sales."
Kvaal was also positive on Aruba's Analyst Day, as the company expressed confidence in growing revenues.
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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