Analyst Ratings for Aruba Networks (ARUN)

Overall Rating: NEUTRAL Rating Trend: Down

Avg. $ Target: $19.95 (+52.3%)

Date	Firm	Type	Rating (Past)	PT (Past)	Start $	End $	% Chg.	Details
5/17/2013	Needham & Company	Downgrade	Hold (Buy)	N/A (N/A)	12.74	13.10	2.83%	Details
5/17/2013	Stifel Nicolaus	Downgrade	Hold (Buy)	N/A (N/A)	12.74	13.10	2.83%	Details
5/17/2013	FBN Securities	Downgrade	Sector Perform (Outperform)	N/A (N/A)	12.74	13.10	2.83%	Details
5/17/2013	Wedbush	Downgrade	Neutral (Outperform)	15.00 (20.00)	12.74	13.10	2.83%	Details
5/17/2013	Morgan Stanley	Downgrade	Equalweight (Overweight)	N/A (N/A)	12.74	13.10	2.83%	Details
5/17/2013	Wells Fargo	Downgrade	Market Perform (Outperform)	14.00 (21.00)	12.74	13.10	2.83%	Details
5/17/2013	JPMorgan	Downgrade	Underweight (Neutral)	13.00 (17.50)	12.74	13.10	2.83%	Details
5/17/2013	Janney Montgomery Scott	Downgrade	Neutral (Buy)	16.00 (25.00)	12.74	13.10	2.83%	Details
5/17/2013	Stephens	Downgrade	Equal Weight (Overweight)	17.00 (25.00)	12.74	13.10	2.83%	Details
5/17/2013	Oppenheimer	Downgrade	Perform (Outperform)	N/A (N/A)	12.74	13.10	2.83%	Details
4/23/2013	BofA/Merrill Lynch	New Coverage	Neutral (N/A)	25.00 (N/A)	22.27	13.10	-41.18%	Details
4/4/2013	UBS	Downgrade	Neutral (Buy)	N/A (N/A)	23.53	13.10	-44.33%	Details
1/11/2013	Maxim Group	New Coverage	Hold (N/A)	N/A (N/A)	21.78	13.10	-39.85%	Details
10/4/2012	Goldman Sachs	Downgrade	Neutral (Buy)	23.00 (20.00)	21.51	13.10	-39.1%	Details
8/21/2012	Raymond James	New Coverage	Market Perform (N/A)	N/A (N/A)	17.26	13.10	-24.1%	Details

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