Key Developments: Aruba Networks Inc (ARUN.OQ)

ARUN.OQ on NASDAQ Stock Exchange Global Select Market

17.71USD
21 Jul 2014
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Latest Key Developments (Source: Significant Developments)

SVP Worldwide Embraces mobile collaboration with Aruba Networks cloud wi-fi
Tuesday, 10 Jun 2014 05:00am EDT 

Aruba Networks Inc:Says that SVP Worldwide has replaced its Cisco WLAN infrastructure with Aruba's Cloud Wi-Fi solution including the Aruba Instant 802.11ac APs (access points) and Aruba Central cloud-based management system to rapidly enable mobile collaboration across its distributed enterprise locations.With more than 200 corporate-issued devices, as well as Bring-Your-Own-Device (BYOD) policy in place to accommodate needs of #GenMobile workers who want access from home and other non-traditional office locations.Says SVP Worldwide needed solution that could support increasing number and new types of devices on their network.  Full Article

Aruba Networks Inc gives Q4 2014 guidance; revenue guidance above analysts' estimates - Conference Call
Thursday, 22 May 2014 04:30pm EDT 

Aruba Networks Inc:Expect Q4 2014 revenue to be in the range of $192 million to $196 million.Expect Q4 2014 non-GAAP EPS to be about $0.22 to $0.23 per share.Q4 2014 revenues of $188 million and EPS of $0.22 - Thomson Reuters I/B/E/S.  Full Article

Aruba Networks, Inc gives Q3 2014 guidance in line with analysts' estimates - Conference Call
Sunday, 23 Feb 2014 11:00am EST 

Aruba Networks, Inc:Sees Q3 2014 revenue to be $178 mln -182 mln.Sees Q3 2014 non-GAAP EPS to be about $0.19 - $0.20.Q3 2014 revenues of $180 mln and EPS of $0.20 - Thomson Reuters I/B/E/S.  Full Article

Aruba Networks Inc announces additional $200 mln share repurchase authorization
Thursday, 20 Feb 2014 04:02pm EST 

Aruba Networks Inc:Authorizes the repurchase of up to an additional $200 mln of its outstanding common stock under its existing share repurchase program.  Full Article

Aruba Networks Inc gives Q2 2014 guidance in line with analysts' estimates - Conference Call
Thursday, 21 Nov 2013 04:30pm EST 

Aruba Networks Inc:Expect Q2 2014 revenue to be in the range of $165 million to $169 million.Expects Q2 2014 non-GAAP EPS to be about $0.16 to $0.17 per share.Q2 2014 revenues of $166 million and EPS of $0.16 - Thomson Reuters I/B/E/S.  Full Article

Aruba Networks Inc Announces Additional $100 Million Share Repurchase Authorization
Wednesday, 9 Oct 2013 04:05pm EDT 

Aruba Networks Inc announced that its Board of Directors has authorized the repurchase of up to an additional $100 million of its outstanding common stock under its existing share repurchase program. The original share repurchase program was approved by the Company`s Board of Directors in June 2012 and authorized the repurchase of up to $100 million of the Company`s common stock. On July 12, 2013, the Company announced that it had completed its repurchase of the initial $100 million of common stock under the program and increased the authorized amount of repurchases by an additional $100 million, substantially all of which has subsequently been repurchased.  Full Article

Aruba Networks Inc gives Q1 2014 guidance; revenue guidance above analysts' estimates - Conference Call
Thursday, 22 Aug 2013 04:30pm EDT 

Aruba Networks Inc:Expects Q1 2014 revenue to be in the range of $156 million to $158 million.Expects Q1 2014 non-GAAP EPS to be about $0.13 to $0.14 per share.Q1 2014 revenues of $154 million and EPS of $0.14 - Thomson Reuters I/B/E/S.  Full Article

Levi & Korsinsky Files Class Action Lawsuit Against Aruba Networks, Inc
Wednesday, 17 Jul 2013 07:17am EDT 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Aruba Networks, Inc. stock between May 17, 2012 and May 16, 2013. The complaint alleges that defendants misrepresented or failed to disclose material adverse facts, including that: the Company did not hold a competitive advantage over Cisco Systems, Inc. (Cisco); the Company was aware of the weaknesses in Aruba Networks' marketing abilities given the "bundling" advantages that Cisco held over Aruba Networks; Cisco's bundling practices would significantly undermine the Company's market share; and as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.  Full Article

Aruba Networks Inc Approves New $100 Million Stock Buyback Program-DJ
Monday, 15 Jul 2013 07:18am EDT 

Dow Jones reported that Aruba Networks Inc board authorized the repurchase of up to an additional $100 million of stock since the wireless-equipment maker recently completed its initial $100 million stock-repurchase program launched in June 2012.  Full Article

Rosen Law Firm Reminds Aruba Networks Inc Investors Of Important Deadline
Sunday, 14 Jul 2013 02:57pm EDT 

The Rosen Law Firm reminded investors of the important July 22, 2013 lead plaintiff deadline in the class action filed on behalf of all purchasers of the securities of Aruba Networks Inc between May 17, 2012 and May 16, 2013. The complaint alleges that Defendants concealed Aruba's true financial condition from investors. Specifically, the Complaint alleges that contrary to its public statements: (1) the Company did not hold a competitive advantage over Cisco Systems, Inc.; (2) the Company was aware of the weaknesses in Aruba Networks' marketing abilities given the "bundling" advantages that Cisco held over Aruba Networks; (3) Cisco's bundling practices would significantly undermine the Company's market share; and (4) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.  Full Article

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Southwest to begin flights to Aruba, Bahamas and Jamaica

- Southwest Airlines Co said on Monday it will start flights to Aruba, the Bahamas and Jamaica in July, its first flights outside the continental United States under the Southwest brand.

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