Upgrade Sends Aruba Networks (ARUN) Higher

Aruba Networks, Inc. (Nasdaq: ARUN) is getting a 10% boost today after an upgrade from investment bank Brean Murray to Buy.

The firm said despite the recent slide in the stock, their checks do not point to any meaningful erosion of business. They said their checks actually point to evidence of an uptick in the federal and education verticals. They also see the potential for stronger international sales to partially offset some weakness in the retail vertical this quarter.

Shares of ARUN are down 65% YTD. In February, the company issued a second quarter warning sending the stock lower.

Aruba provides an enterprise mobility solution that enables secure access to data, voice, and video applications across wireless and wireline enterprise networks.

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