) -- Shares of

Aruba Networks



) have taken a tremendous swing upward. The stock is trading at $20.75 as of 12:56 p.m. ET, 21.1% above Thursday's closing price of $17.14. Volume is at 10.3 million, 2.6 times the daily average of four million.

Aruba has a market cap of $1.8 billion and is part of the


sector and

computer hardware

industry. Shares are down 17.9% year to date as of the close of trading on Thursday.

Aruba Networks, Inc. provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide. The company has a P/E ratio of 593, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Aruba as a

TheStreet Recommends


. 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 compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including premium valuation and weak operating cash flow. You can view the full

Aruba Ratings Report


See our

top % gaining stocks list

for other stocks that are soaring today, or get investment ideas from our

investment research center


Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting


to 95370 or select from

multiple alert options