By midmorning, shares had added 6.1% to $22.36. Year to date, the business network specialist has climbed 24.6%.
In the three months to December, the company recorded net income of 18 cents a share and sales of $176.4 million.
Analysts surveyed by Thomson Reuters had anticipated per-share earnings of 17 cents a share and revenue of $167.57 million.Also See: Priceline.com's Remarkable Turnaround: What Wall Street's Thinking TheStreet Ratings team rates ARUBA NETWORKS INC as a Hold with a ratings score of C-. The team has this to say about their recommendation: "We rate ARUBA NETWORKS INC (ARUN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."
- You can view the full analysis from the report here: ARUN Ratings Report