Aruba Rises On Unusually High Volume (ARUN)

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) -- Aruba Networks (Nasdaq: ARUN) is trading at unusually high volume Wednesday with 4.9 million shares changing hands. It is currently at two times its average daily volume and trading up 92 cents (+5.4%) at $17.94 as of 3:37 p.m. ET.

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Aruba has a market cap of $2.51 billion and is part of the technology sector and computer hardware industry. Shares are up 6.3% year to date as of the close of trading on Tuesday.

Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. The company has a P/E ratio of 367.5, 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.

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