Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Aruba Networks fell $0.51 (-2.8%) to $17.57 on heavy volume. Throughout the day, 6,760,792 shares of Aruba Networks exchanged hands as compared to its average daily volume of 2,411,500 shares. The stock ranged in price between $16.57-$18.14 after having opened the day at $18.02 as compared to the previous trading day's close of $18.08. Other companies within the Technology sector that declined today were:
), down 17.6%,
), down 9.1%,
), down 8.2% and
), down 8.0%.
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Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $2.1 billion and is part of the computer hardware industry. Shares are down 13.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Aruba Networks a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates
. 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 Aruba Networks Ratings Report.
On the positive front,
), up 12.4%,
), up 11.8%,
), up 10.8% and
), up 10.3% , were all gainers within the technology sector with
) being today's featured technology sector leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
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