Aruba Networks Inc. (ARUN): Today's Featured Computer Hardware Winner

Aruba Networks ( ARUN) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.1%. By the end of trading, Aruba Networks rose $0.27 (1.6%) to $16.98 on light volume. Throughout the day, 1,782,691 shares of Aruba Networks exchanged hands as compared to its average daily volume of 4,222,100 shares. The stock ranged in a price between $16.65-$17.04 after having opened the day at $16.73 as compared to the previous trading day's close of $16.71. Other companies within the Computer Hardware industry that increased today were: iGo ( IGOI), up 49.3%, OCZ Technology Group ( OCZ), up 5.8%, Xplore Technologies Corporation ( XPLR), up 5.7% and Quantum Corporation ( QTM), up 4.5%.

Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $1.8 billion and is part of the technology sector. Shares are down 23.3% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Aruba Networks a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Aruba Networks as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the negative front, Interphase ( INPH), down 6.4%, Silver Spring Networks ( SSNI), down 5.9%, Crossroads Systems ( CRDS), down 3.1% and Lantronix ( LTRX), down 2.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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