Feb 21 Wireless network gear maker Aruba
Networks Inc reported 23 percent higher revenue and
forecast further gains in the current quarter, sending its
shares up 15 percent in extended trade.
Aruba, which supplies equipment for secured wireless
networks forecast its third-quarter adjusted profit of 20 cents
per share on revenue of $159 million to $161 million.
Analysts were expecting the Sunnyvale, California-based
company, which competes with Qualcomm Inc and Riverbed
Technology Inc, to deliver a profit of 20 cents per
share on revenue of $158.3 million, according to Thomson Reuters
Aruba reported a profit of $5 million, or 4 cents per share,
compared with a loss of $11.4 million, or 11 cents per share, a
Excluding items, related to stock-based compensation, the
company earned 22 cents per share in the second quarter on
revenue of $155.4 million.
Analysts on average had expected the company to earn 19
cents per share on revenue of $152 million, according to Thomson
Aruba shares topped $23.92 in extended trade, up from $20.80
at the close on Thursday on the Nasdaq.