Key Developments: Aruba Networks Inc (ARUN.O)
13.30USD
24 May 2013
$0.04 (+0.30%)
$13.26
$13.09
$13.30
$13.07
4,539,762
3,661,128
$26.78
$12.36
Latest Key Developments (Source: Significant Developments)
Law Firm of Wohl & Fruchter LLP Announces Investigation Of Aruba Networks Inc
The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of Aruba Networks Inc (Aruba) . Investigation concerns whether Aruba management violated federal securities laws by, among other things, previously concealing from investors the nature and significance of the competitive threat from Cisco and its impact on the Company`s business prospects. Full Article
Aruba Networks Inc Issues Q4 2013 Guidance Below Analysts' Estimates-Conference Call
Aruba Networks Inc announced that for the fourth quarter of 2013, it expects revenue to be in the range of $148 million to $150 million and non-GAAP EPS to be approximately $0.10 to $0.12 per share using 127 million shares on a diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $157 million and EPS of $0.17 for the fourth quarter of 2013. Full Article
Aruba Networks Inc Announces Acquisition Meridian Apps Inc
Aruba Networks Inc announced that the acquisition of privately-held Meridian Apps, Inc. (Meridian). With this acquisition, Aruba Networks enables new location-based services by combining its unique, network-based contextual information about users, devices and applications with Meridian`s Wi-Fi based wayfinding solution for smartphones and tablets. The Meridian enterprise software platform is targeted at public-facing enterprises, including casinos, hospitals, malls, stores, transport hubs, convention centers, museums and campuses, to help customers navigate these large, indoor facilities. Enterprises use the platform to create custom-branded mobile applications to provide turn-by-turn directions, highlight points of interest along the way, deliver context-awareness advertising and offer detailed analytics about users` travel patterns and preferences. Full Article
Aruba Networks Inc Lowers Q3 2013 Guidance
Aruba Networks Inc announced that for third quarter of 2013, it expects revenues to be approximately $144 million to $147 million, below the company's previously stated guidance of $159 million to $161 million. The company expects GAAP net loss to be in the range of $0.20 to $0.18 per share. Non-GAAP net income is expected to be in the range of $0.11 to $0.12 per share compared with previously stated guidance of approximately $0.20 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $160 million and EPS of $0.20 for third quarter of 2013. Full Article
Aruba Networks Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Aruba Networks Inc announced that for third quarter of 2013, it expects revenues to be in the range of $159-$161 million and non-GAAP earnings per share (EPS) to be approximately $0.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $159 million and EPS of $0.20 for third quarter of 2013. Full Article
Aruba Networks Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates-Conference Call
Aruba Networks Inc announced that for the second quarter of 2013, it expects revenue to be in the range of $150 million to $153 million and non-GAAP EPS to be approximately $0.19 per share, using 125 million shares on a diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $149 million and EPS of $0.19 for the second quarter of 2013. Full Article
Aruba Networks Inc Signs Memorandum of Understand Agreement With GlobalCom Telecommunications Plc
GlobalCom Telecommunications Plc announced that it has signed a memorandum of understanding agreement with United States-based Aruba Networks Inc to build a roaming internet network within Palestine for its customers. Further details were not disclosed. Full Article
Aruba Networks Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates-Conference Call
Aruba Networks Inc announced that for first quarter of 2013, it expects revenue to be in the range of $141-$143 million and non-GAAP EPS to be approximately $0.17 per share using 122 million shares on a diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $141 million and EPS of $0.17 for first quarter of 2013. Full Article
Aruba Networks, Inc. Announces $100 Million Share Repurchase Authorization
Aruba Networks, Inc. announced that its Board of Directors has authorized a share repurchase program for up to $100 million of its outstanding common stock. Full Article
Aruba Networks, Inc. Helps Maxim Integrated Products, Inc. Extend Its Global Wireless Access Network with Aruba Instant Upgrade
Aruba Networks, Inc. announced that Maxim Integrated Products, Inc., has extended its network and deployed a wireless access network utilizing Aruba Instant virtualized controllers to deliver wireless coverage to its 24 sales offices, 40 technology design centers, and 11 wafer fabrication/testing facilities. Cost, ease of management and reliability were key concerns for Maxim when selecting and deploying a wireless network in 75 locations around the globe. Maxim’s full deployment includes 10 Aruba Mobility Controllers, 180 Aruba AP-105s and 400 Aruba Instant IAP-105s, as well as the Aruba Airwave Management System. Employees access the network through company-issued laptops, as well as their own personal smartphones, tablets, and other mobile devices. Full Article
BRIEF-Aruba Networks shares down 20 pct in premarket trading
NEW YORK, May 17 - Aruba Networks Inc : * Shares down 20 percent in premarket trading
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