Ariba Reaches New 52-Week High (ARBA)

NEW YORK ( TheStreet) -- Ariba (Nasdaq: ARBA) hit a new 52-week high Friday as it is currently trading at $38.44, above its previous 52-week high of $37.14 with 353,209 shares traded as of 9:40 a.m. ET. Average volume has been 905,000 shares over the past 30 days.

Ariba has a market cap of $3.46 billion and is part of the technology sector and internet industry. Shares are up 23.8% year to date as of the close of trading on Thursday.

Ariba, Inc., together with its subsidiaries, provides collaborative business commerce solutions for buying and selling goods and services in the United States and internationally.

TheStreet Ratings rates Ariba 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 also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Ariba Ratings Report.

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