Barclays Maintains an 'Overweight' on Aruba Networks (ARUN); Dispelling Concerns

Barclays maintains an 'Overweight' on Aruba Networks (NASDAQ: ARUN) price target of $23.00 (from $18.00).

Analyst, Jeff Kvaal, said, "Aruba delivered a F4Q beat and offered seasonal 1Q guidance: Improved visibility and a sustainable competitive lead should drive
Aruba's multiple higher."

Positive included: 1) Higher confidence in U.S. Federal yields seasonal 1Q guidance; 2) ClearPass is exceeding expectations and could drive upside.

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 $16.92 yesterday.

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