Piper Jaffray Downgrades Aruba Networks (ARUN) to Neutral
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Stifel Downgrades Aruba Networks (ARUN) to Hold
March 3, 2015 8:00 AM ESTStifel downgraded Aruba Networks (NASDAQ: ARUN) from Buy to Hold.
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 $24.65 yesterday.
... MoreNeedham & Company Downgrades Aruba Networks (ARUN) to Hold on Merger News
March 3, 2015 7:28 AM ESTNeedham & Company downgraded Aruba Networks (NASDAQ: ARUN) from Buy to Hold.
Analyst Richard Valera commented, "We viewed the company's performance in being a technology leader in the enterprise Wi-Fi market and becoming a clear #2 player in the space to Cisco (#1... More
S&P Keeps Hewlett-Packard (HPQ) on CreditWatch Negative Following Plan to Acquire Aruba Networks
March 2, 2015 3:00 PM ESTStandard & Poor's Ratings Services today said it kept its ratings on Palo Alto, Calif.-based Hewlett Packard Co. (NYSE: HPQ), including the 'BBB+' corporate credit rating, 'A-2' commercial paper rating, and 'BBB+' senior unsecured debt rating, on CreditWatch with negative implications.
"Our original CreditWatch placement followed the company's announcement that it plans to separate into two public companies in 2015 through a tax-free transaction," said Standard & Poor's credit analyst John Moore. "One of the new companies will comprise HP's enterprise technology infrastructure, software, and services businesses, and will do business as... More
SunTrust Downgrades Aruba Networks (ARUN) to Neutral
March 2, 2015 2:46 PM ESTSunTrust Robinson Humphrey downgraded Aruba Networks (NASDAQ: ARUN) from Buy to Neutral with a price target of $25.00 (from $28.00).
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 $24.81 yesterday.
... MoreHewlett-Packard (HPQ) to Acquire Aruba Networks (ARUN) for $24.67/Share
March 2, 2015 8:30 AM EST(Updated - March 2, 2015 8:32 AM EST)
Hewlett-Packard (NYSE: HPQ) and Aruba Networks (Nasdaq: ARUN) announced a definitive agreement for HP to acquire Aruba, a leading provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Both companies' boards of directors have approved the deal.
Aruba is a Sunnyvale-based industry leader in wireless networking with approximately 1,800 employees. The company had revenues of $729 million in fiscal 2014,... More
