NEW YORK ( TheStreet) -- Shares of Aruba Networks (ARUN) took a pounding on Tuesday when the network software company announced it had delayed filing of its full-year financial results with the Securities and Exchange Commission. While citing internal control issues, the company said it needed more time to confirm the accuracy of its accounting data.As it stands, Aruba has 15 days to file and the company said not only does it expect to meet the time requirement, but it does not anticipate any adjustments to what it has already disclosed. While its assurance to investors does help to some extent, it is hard to ignore the new risk that this situation introduces. Investors sent the stock down more than 7%. Is this an overreaction or legitimate cause for concern?
Aruba Networks Finds its Island Deserted
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