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%.

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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.

• You can view the full Aruba Ratings Report.

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.

• Use our computer hardware section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

For more information on Aruba Networks Inc. click any of the following:

• Aruba Networks Inc. Stock Price

• Aruba Networks Inc. Analyst Ratings

• Aruba Networks Inc. Key Stats & Profile

• Aruba Networks Inc. Earnings

• Aruba Networks Inc. Ratio Comparison

• Aruba Networks Inc. Growth Rates

• Aruba Networks Inc. Balance Sheet

• Aruba Networks Inc. Cash Flow

• Aruba Networks Inc. Income Statement