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May 23, 2014
06:27 EDTARUNAruba Networks gross margins weaker than expected, says JPMorgan
JPMorgan says Aruba Networks' gross margins in Q3 were 70.5%, below its estimate of 72.1%. The firm believes 802.11ac competition is intensifying and reiterates an Underweight rating on the stock with a $15 price target.
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