NEW YORK (TheStreet) -- Shares of Aruba Networks (ARUN) are down 1.5% on Monday following the announcement that Hewlett-Packard (HPQ) - Get Report will buy the company for $3 billion in an all-cash deal.
It's all about wireless, mobile, cloud and connectivity, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
This deal gives Hewlett-Packard two of those segments, that being wireless and connectivity.
Aruba Networks has proprietary technology that adds a slightly higher value to Hewlett-Packard at a time when investors have been worried about the company's non-proprietary technology in the PC industry.
It may seem odd that shares of Aruba Networks are down on this news, but the stock jumped over 20% last Wednesday when rumors for the deal began circling. The stock is up nearly 33% in the past five trading sessions.
Aruba Networks will likely fall within the HP Enterprises division, once Hewlett-Packard completes the company's split later this year, explained co-host David Faber.
Perhaps management is worried more about buying back stock to please shareholders like Warren Buffett, rather than making a bolder move instead, he concluded.
-- Written by Bret Kenwell
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.