This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Aruba Networks Inc. (ARUN): Today's Featured Computer Hardware Loser

Aruba Networks ( ARUN) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 0.5%. By the end of trading, Aruba Networks fell 63 cents (-4.6%) to $12.95 on average volume. Throughout the day, 4.3 million shares of Aruba Networks exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $12.73-$13.62 after having opened the day at $13.62 as compared to the previous trading day's close of $13.58. Other company's within the Computer Hardware industry that declined today were: OCZ Technology Group ( OCZ), down 17.4%, MTS Medication Technologies ( MTSI), down 9.4%, Quantum Corporation ( QTM), down 7.9%, and Crossroads Systems Incorporated ( CRDS), down 5.3%.

Aruba Networks, Inc. provides next-generation network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $1.56 billion and is part of the technology sector. The company has a P/E ratio of 26.2, below the average computer hardware industry P/E ratio of 26.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 26.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Aruba Networks a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Aruba Networks as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation.

On the positive front, Socket Mobile ( SCKT), up 12.8%, iGo ( IGOI), up 12.2%, Mitek Systems ( MITK), up 7.1%, and Video Display Corporation ( VIDE), up 4.8%, were all gainers within the computer hardware industry with Universal Display Corporation ( PANL) being today's featured computer hardware industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs