Aruba Stock Hits New 52-Week Low (ARUN)

NEW YORK ( TheStreet) -- Aruba Networks (Nasdaq: ARUN) hit a new 52-week low Thursday as it is currently trading at $13.95, below its previous 52-week low of $14 with 1.5 million shares traded as of 11:55 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.

Aruba has a market cap of $1.65 billion and is part of the technology sector and computer hardware industry. Shares are down 19.5% year to date as of the close of trading on Wednesday.

Aruba Networks, Inc. provides next-generation network access solutions for the mobile enterprises worldwide. The company has a P/E ratio of 21.8, below the average computer hardware industry P/E ratio of 28.9 and above the S&P 500 P/E ratio of 17.7.

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 impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation. You can view the full Aruba Ratings Report.

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