This Day On The Street
Continue to site
ADVERTISEMENT
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

6 Top Earnings to Watch Next Week

NEW YORK ( TheStreet) -- After Cisco Systems (CSCO) blew the lid off the earnings estimate, can HP and Dell do the same? I believe one of them can and one will struggle making their numbers. I selected the six companies I will watch earnings for and will trade if opportunity presents itself.

Aruba Networks(ARUN) ARUN Chart ARUN data by YCharts

Background: Aruba Networks delivers the enterprise network to users, wherever they work or roam using a combination of solutions. Aruba is based in Sunnyvale, Calif. and trades an average of 3.9 million shares per day with a marketcap of $1.9 billion.

52-Week Range: $12.36 to $25.55

Book Value: $4.10

Price to Book: 3.89

Investors are looking forward to improving fourth-quarter earnings after the market closes on Aug. 23. The consensus opinion is presently 17 cents a share, the same as the corresponding period last year.

Twelve analysts rate ARUN a buy or strong buy out of 17, and none give a sell rating.

The P/E ratio has come down, as the current trailing 12 months P/E ratio is 30.7, while the forward P/E ratio is now 22.8, based on earnings of 27 cents per share this year.

In the last month, the stock has really moved higher with a 30.5% increase. Even so, the 60-day moving average is well below the 200-day moving average. A recent closing price of $17.35 is trading above the 60- and 90-day moving averages, but the stock continues to trade in a bearish trend.

Even coming off a big oversold status, I would not get too aggressive buying before the earnings report. A strong beat can cause a squeeze, but won't be worth it for anyone other than those willing to accept the risk of further downside in the price.

The short interest is very high and is a strong warning that short sellers expect the share price to fall considerably. The short interest is 21.5%.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
AEO $16.94 -0.94%
BBY $36.72 0.80%
HPQ $28.13 0.46%
LOW $69.10 0.09%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs