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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:15 EDTARUNAruba Networks may be more cautious with outlook, says Lazard Capital
Lazard Capital said earlier this morning that it expects Aruba Networks to report largely in-line Q2 results, but added the company may take a more cautious stance with regards to its outlook given the uncertain macro environment. The firm expects management to guide Q3 revenue in-line to slightly below the consensus estimate. However, Lazard Capital added that its channel checks indicate Aruba's fundamentals remain very strong. The firm kept a Buy rating on the stock.
News For ARUN From The Last 14 Days
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July 16, 2014
17:22 EDTARUNAruba Networks initiated with a Neutral at Buckingham
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July 14, 2014
10:00 EDTARUNOn The Fly: Analyst Upgrade Summary
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08:05 EDTARUNAruba Networks upgraded to Outperform from Neutral at Macquarie
July 11, 2014
14:15 EDTARUNRuckus, Aruba advance after FCC approves new school WiFi program
Shares of Ruckus Wireless (RKUS) and Aruba Networks (ARUN) are rising after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Ruckus and Aruba provide products used for WiFi networks. WHAT'S NEW: The FCC said it would allocate $2B over the next two years to subsidize the launch of WiFi connections at schools and libraries. For the following three years, the agency said it would look to spend $1B annually on the project. The FCC said the funds would be "distributed fairly to all schools and libraries while recognizing the needs of the nationís rural and poorest school districts." PRICE ACTION: In mid-afternoon trading, Ruckus surged 5.5% to $11.62 and Aruba advanced 4.6% to $17.04.

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