Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw Aruba Networks, Inc (NASDAQ:ARUN) climbing down by 25.61%. It opened at a price of $12.68 which reached an intraday high of $13.16 before heading down to close at $12.38 per share. In excess of 55.49 million shares exchanged hands in the previous trading session. This figure stood above the average volume of 4.87 million that was measured over a 30-day period.
ARUN reported earnings per share of $0.11 in the 2013 Q3. This stood $0.04 below the $0.15 average analyst estimate. The quarterly revenue stood at $147.1 million in comparison to the $154.59 million consensus estimate. The company’s third-quarter results have been extremely dismal and ARUN will have to tread carefully as far as near-term spending is concerned. At the moment, the secular trends that are driving the markets are very strong. Mobile devices and application proliferation as well as BYOD are altering access networking. The company’s application-aware MOVE architecture is a frontrunner in this shift in technology.
ARUN is a next-generation network access solutions provider for various mobile enterprise networks. Its MOVE or Mobile Virtual Enterprise architecture unifies wireless and wired infrastructures into a single seamless network access solution. This is used by remote workers, traveling business professionals, corporate headquarters guests and employees. This architecture provides context-aware networking used in the post-desktop personal computer (PC) era. Mobility network services are centrally delivered from the data center across on-ramps thin network access devices. It addresses the secured-mobility problem by using a user-centric architecture.
