Aruba Stock Hits New 52-Week High (ARUN)

NEW YORK ( TheStreet) -- Aruba Networks (Nasdaq: ARUN) hit a new 52-week high Wednesday as it traded at $32.95 compared with its previous 52-Week high of $32.78. Aruba is changing hands at $32.83 with 345,829 shares traded as of 9:46 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Aruba has a market cap of $3.2 billion and is part of the technology sector and computer hardware industry. Shares are up 50.4% year to date as of the close of trading on Tuesday.

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.

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