Aruba Networks (ARUN) Stock Sinks Today on Light Guidance

NEW YORK (TheStreet) -- Shares of Aruba Networks (ARUN) were falling 11.2% to $19.36 after the communication devices company issues a light guidance for the fiscal second quarter.

Aruba Networks said it expects earnings of 26 cents to 27 cents a share and revenue of $208 million to $212 million for the fiscal second quarter. Analysts expect the company to report earnings of 27 cents a share and revenue of $211.8 million for the quarter.

For the fiscal first quarter Aruba Networks reported earnings of 26 cents a share, beating analysts' estimates of 25 cents a share for the quarter. Revenue grew 29.1% to $207.8 million, above analysts' estimates of $204.3 million.

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TheStreet Ratings team rates ARUBA NETWORKS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ARUBA NETWORKS INC (ARUN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow."

You can view the full analysis from the report here: ARUN Ratings Report

ARUN Chart ARUN data by YCharts

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