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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Aruba Networks (ARUN) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.1%. By the end of trading, Aruba Networks rose 39 cents (2%) to $19.87 on average volume. Throughout the day, 2.8 million shares of Aruba Networks exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in a price between $19.53-$20.12 after having opened the day at $19.65 as compared to the previous trading day's close of $19.48. Other companies within the Computer Hardware industry that increased today were: iGo (IGOI), up 9.2%, Dataram Corporation (DRAM), up 8.8%, OCZ Technology Group (OCZ), up 6.6%, and Ruckus Wireless (RKUS), up 6.4%.

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Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $2.25 billion and is part of the technology sector. Shares are up 5.2% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Aruba Networks a buy, no analysts rate it a sell, and seven 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

• You can view the full Aruba Ratings Report.

On the negative front, XRS (XRSC), down 13%, Stratasys (SSYS), down 6.5%, Echelon Corporation (ELON), down 6.3%, and Super Micro Computer (SMCI), down 6.3%, were all laggards within the computer hardware industry with Riverbed Technology Incorporated (RVBD) being today's computer hardware industry laggard.

• 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.

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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