Barclays Lowers PT and Estimates on Aruba Networks (ARUN); In-line Q3 and Weak Guidance Not Gonna Cut It

Barclays maintains an 'Overweight' on Aruba Networks (NASDAQ: ARUN) price target lowered from $28 to $20.

Analyst, Jeff Kvaal, said, "Numerous checks support healthy fundamental trends for Aruba, and thus we find the soft guidance and slowing sales disappointing...Our high-end estimates decline: We lower our CY13 sales growth estimate to 25% from 30%. Our CY13 EPS thus moves to $0.96 from $1.00."

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 $15.30 yesterday.

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