UBS Maintains a 'Buy' on Aruba Networks (ARUN); Q3 Preview; Trimming Q4 & PT
Get Alerts ARUN Hot Sheet
Price: $24.67 --0%
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
UBS maintains a 'Buy' on Aruba Networks (NASDAQ: ARUN) price target lowered from $26 to $24.50.
Analyst, Jack Monti, said, "We expect inline 3Q results post close on Thurs May 17 vs. our sales/ EPS estimates of $132M (+25%)/ $0.16 ex options...Although our checks for Aruba remain broadly positive enterprise exposure has underperformed. Aruba’s exposure is likely more favorable vs. peers with less revs from financial/ retail, and gov exposure more levered to US DoD, but mixed lateral data points, as we first wrote about on 4/25 and 4/27, lead us to be more cautious. We now estimate 4Q sales and EPS to $138M (+21%) and $0.16 vs. Street consensus of $140M and $0.18. Our FY13 growth/ EPS forecast remains ~22%/ $0.78."
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 $15.95 yesterday.
Analyst, Jack Monti, said, "We expect inline 3Q results post close on Thurs May 17 vs. our sales/ EPS estimates of $132M (+25%)/ $0.16 ex options...Although our checks for Aruba remain broadly positive enterprise exposure has underperformed. Aruba’s exposure is likely more favorable vs. peers with less revs from financial/ retail, and gov exposure more levered to US DoD, but mixed lateral data points, as we first wrote about on 4/25 and 4/27, lead us to be more cautious. We now estimate 4Q sales and EPS to $138M (+21%) and $0.16 vs. Street consensus of $140M and $0.18. Our FY13 growth/ EPS forecast remains ~22%/ $0.78."
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 $15.95 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon.com (AMZN) PT Raised to $215 at UBS
- Morgan Stanley Upgrades EPAM Systems (EPAM) to Equalweight
- JPMorgan Upgrades Dow Inc. (DOW) to Overweight
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!