Key Developments: Aruba Networks Inc (ARUN.OQ)

ARUN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

Levi & Korsinsky Announces Class Action Lawsuit Against Aruba Networks Inc
Friday, 12 Jul 2013 01:32pm 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.  Full Article

Ensign Group Selects Aruba Networks Inc's Wireless LAN Infrastructure
Tuesday, 9 Jul 2013 08:00am EDT 

Aruba Networks Inc announced that Ensign Services Inc has standardized on Aruba's wireless LAN infrastructure to offer an enhanced healthcare experience and ensure high quality care for its clients' patients and residents. Ensign is using both Aruba`s controller-based WLAN and the Aruba Instant controller-less solutions to deliver reliable, high-performance wireless connectivity across more than 130 operating locations, including skilled nursing facilities, assisted living communities, hospice companies, home health businesses and urgent care clinics in eleven states.  Full Article

Rigrodsky & Long, P.A. Reminds Shareholders of Aruba Networks Inc of Upcoming Deadline
Monday, 8 Jul 2013 06:56pm EDT 

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, reminded shareholders of Aruba Networks Inc of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. A complaint was filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of Aruba between May 17, 2012 and May 16, 2013, inclusive (the Class Period), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the Complaint).  Full Article

Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Aruba Networks Inc of Class Action Lawsuit and Upcoming Deadline
Sunday, 7 Jul 2013 10:01am EDT 

Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it has filed a class action lawsuit against Aruba Networks Inc and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 13 CV 2342, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Aruba between May 17, 2012 and May 16, 2013, both dates inclusive (the Class Period). The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company did not hold a competitive advantage over Cisco Systems, Inc. ("Cisco"); (ii) the Company was well aware of the weaknesses in Aruba's marketing abilities given the "bundling" advantages that Cisco held over Aruba; (iii) Cisco's bundling practices would greatly undermine the Company's market share and overall success rate in signing contracts with clients; and (iv) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.  Full Article

Fitch Affirms Aruba at 'BBB-'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, April 29 (Fitch) Fitch Ratings has affirmed Aruba's Long-term foreign and local currency IDRs at 'BBB-'. Fitch has also affirmed the issue ratings on Aruba's senior unsecured foreign and local currency bonds at 'BBB-'. The Rating Outlooks on the Long-term IDRs are Stable. Fitch has affirmed the Country Ceiling at 'BBB' and the Short-term foreign currency rating at 'F3'. KEY RATING DRIVERS An ambitious fiscal consolidatio

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