Shares of Aruba Networks (Nasdaq:ARUN) were gapping up Friday morning with an open price 14.8% higher than Thursday's closing price. The stock closed at $16.92 yesterday and opened today's trading at $19.43.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Shares of Aruba Networks (Nasdaq: ARUN) were gapping up Friday morning with an open price 14.8% higher than Thursday's closing price. The stock closed at $16.92 Thursday and opened today's trading at $19.43.
The average volume for Aruba has been 3.6 million shares per day over the past 30 days. Aruba has a market cap of $1.74 billion and is part of the technology sector and computer hardware industry. Shares are down 9.4% year to date as of the close of trading on Thursday. Aruba Networks, Inc. provides next-generation network access solutions for the mobile enterprises worldwide. The company has a P/E ratio of 31.7, above the average computer hardware industry P/E ratio of 29.8 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 find that the stock has had a generally disappointing performance in the past year. You can view the full Aruba Ratings Report. Get more investment ideas from our investment research center.