Shares of Aruba Networks (Nasdaq:ARUN) were gapping up Friday morning with an open price 16.5% higher than Thursday's closing price. The stock closed at $20.80 yesterday and opened today's trading at $24.23.
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 16.5% higher than Thursday's closing price. The stock closed at $20.80 Thursday and opened today's trading at $24.23.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The average volume for Aruba has been 2.4 million shares per day over the past 30 days. Aruba has a market cap of $2.39 billion and is part of the technology sector and computer hardware industry. Shares are up 2.7% year to date as of the close of trading on Thursday. Aruba Networks, Inc. provides network access solutions for the mobile enterprises 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Aruba Ratings Report. Get more investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.