Shares of Aruba Networks (Nasdaq:ARUN) were gapping down Tuesday morning with an open price 20% lower than Monday's closing price. The stock closed at $22.05 yesterday and opened today's trading at $17.64.
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 down Tuesday morning with an open price 20% lower than Monday's closing price. The stock closed at $22.05 Monday and opened today's trading at $17.64.
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The average volume for Aruba has been 2.5 million shares per day over the past 30 days. Aruba has a market cap of $2.45 billion and is part of the technology sector and computer hardware industry. Shares are up 3.8% year to date as of the close of trading on Monday. Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. The company has a P/E ratio of 358.7, 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 increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and premium valuation. You can view the full Aruba Ratings Report. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.