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.
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