Equally impressive was that gross margins improved year-over-year by three points and arrive one point better sequentially. The company also ended the year with almost $350 million in cash, equivalents as well as other investments. Equally impressive is that it does not have any significant outstanding debt.
With the stock trading just above $21 per share, there is a lot of potential here for a company still growing at 22%. Despite competitive pressures, Aruba's fundamentals are solid and seem poised to continue its growth momentum.
Value investors with some appetite for risk should consider this as an opportunity as part of a long term hold. The stock should see $25 by the second half of the year.
At the time of publication, the author held no position in any of the stocks mentioned.Follow @rsaintvilus This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV