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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Aruba Networks ( ARUN) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Aruba Networks fell $0.42 (-2.2%) to $18.53 on light volume. Throughout the day, 1,706,062 shares of Aruba Networks exchanged hands as compared to its average daily volume of 2,800,600 shares. The stock ranged in price between $18.50-$19.16 after having opened the day at $19.00 as compared to the previous trading day's close of $18.95. Other companies within the Computer Hardware industry that declined today were: Silver Spring Networks ( SSNI), down 29.8%, OCZ Technology Group ( OCZ), down 14.4%, Hauppauge Digital ( HAUP), down 12.5% and Universal Display Corporation ( OLED), down 5.4%.

Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $2.1 billion and is part of the technology sector. Shares are down 9.8% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Aruba Networks a buy, 1 analyst rates it a sell, and 12 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 positive front, Dataram Corporation ( DRAM), up 20.4%, Rimage Corporation ( RIMG), up 17.4%, China TechFaith Wireless Comm Tech ( CNTF), up 11.3% and Performance Technologies ( PTIX), up 6.7% , were all gainers within the computer hardware industry with Brocade Communications Systems ( BRCD) being today's featured computer hardware industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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