NEW YORK ( TheStreet) -- Shares of Aruba Networks (Nasdaq: ARUN) were gapping up Friday morning with an open price 11.1% higher than Thursday's closing price. The stock closed at $26.68 Thursday and opened today's trading at $29.65. The average volume for Aruba has been 2.5 million shares per day over the past 30 days. Aruba has a market cap of $2.6 billion and is part of the technology sector and computer hardware industry.

Aruba Networks, Inc. provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide.

TheStreet Ratings rates Aruba as a hold. 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 solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Aruba Ratings Report.

Get more investment ideas from our investment research center.
null

If you liked this article you might like

Insider Trading Alert - ANF, ARUN And REIS Traded By Insiders

Insider Trading Alert - ANF, ARUN And REIS Traded By Insiders

15 Attractive Takeover Targets in the Networking Technology Space

15 Attractive Takeover Targets in the Networking Technology Space

3 Stocks Reiterated As A Hold: NBL, CVX, ARUN

3 Stocks Reiterated As A Hold: NBL, CVX, ARUN

Nasdaq Closes Above 5,000 as Dow and S&P Hit Fresh Records

Nasdaq Closes Above 5,000 as Dow and S&P Hit Fresh Records

Stock Markets Snag New Records in Late-Day Technology Rally

Stock Markets Snag New Records in Late-Day Technology Rally