Deutsche Bank Starts Ariba (ARBA) at Hold; Macro Uncertainty Clouds Near-Term Upside Potential

Deutsche Bank initiates coverage on Ariba (NASDAQ: ARBA) with a Hold. PT $27.00.

Deutsche analyst says, "Aruba is a leading provider of wireless networking equipment for campus environments. The proliferation of mobile and portable computing devices, as well as the overall steady growth of data consumption, have led to growing demand for wireless solutions within the enterprise. We believe that Aruba currently offers the best solution for addressing this demand and should see substantial growth in coming years. However, given market uncertainty and overall macro conditions we are somewhat cautious on the company’s near term prospects."

For more ratings news on Ariba click here and for the rating history of Ariba click here.

Shares of Ariba closed at $31.68 yesterday.

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