The Sunnyvale, Calif.-based firm, which makes equipment for telecom networks, saw its sales rise 22% to $139.2 million for the three-month period ending in July. Excluding items, Aruba earned 18 cents a share in the quarter, up from 17 cents a share in the prior year's quarter. Analysts were looking for sales of $136.8 million and earnings of 17 cents a share in Aruba's fiscal fourth quarter.
"Our traditional core verticals performed well in the quarter and we saw continued growth among the general enterprise," explained Aruba CEO Dominic Orr, in a statement released after market close on Thursday. "We believe that demand for wireless LAN networks remains solid."
Aruba was also one of the most active pre-market Nasdaq stocks on share volume of 55,878.Autodesk (ADSK), however, was a big loser after the company's disappointing second-quarter results, released on Thursday. "Our own execution challenges, combined with an uneven global economy, resulted in disappointing revenue results for the quarter," noted Autodesk CEO Carl Bass, in a statement. The computer-aided-design (CAD) software specialist plans to make job cuts in an attempt to combat the tough macroeconomic environment. Shares of San Rafael, Calif.-based Autodesk plunged 22.99% to $27.50 before market open. Autodesk was also one of the most active pre-market Nasdaq stocks on share volume of 253,897. Salesforce.com (CRM), however, was another big loser in pre-market trading as investors responded to the company's second-quarter results, released on Thursday. As predicted, the customer relationship management (CRM) specialist flew past Wall Street's top and bottom line forecasts, although its earnings guidance weighed heavily on its shares. For its fiscal third quarter, Salesforce.com projected earnings between 31 cents and 32 cents a share, below Wall Street's estimate of 34 cents. Investors balked at the outlook, pushing Salesforce.com shares down in after-hours trading. The San Francisco-based company, which is one of TheStreet's top cloud stocks, saw its shares slump 4.01% to $140.88 in pre-market trading. Apple (AAPL), which hit a new all-time high of $674.88 on Tuesday, slipped 0.17% to $661.48. HP (HPQ), which saw its shares slump more than 8% on Thursday following its third-quarter results earlier this week, gained 0.14% to reach $17.66. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV