Tag Archives: arun

HP Will Buy Aruba Networks To Boost Mobile Business

Hewlett-Packard (HPQ) is buying a bigger piece of the growing mobile market. The computer products and services company on Monday announced an agreement to acquire Aruba Networks (ARUN), a leading provider of network access products for the mobile enterprise for $24.67 a share in cash, or about $3 billion. The deal net of cash and debt is worth about $2.7 billion. The proposed sale has already been approved by both companies’ boards. The deal is

Aruba Guidance Light On Schools, CEO Mum On HP Bid

Aruba Networks (ARUN) stock rose in early trading Friday, after the gear maker late Thursday had no comment on Hewlett-Packard takeover speculation in reporting a fiscal Q2 beat but light guidance. Federal government sales helped Q2 earnings and revenue beat Wall Street expectations, but its current-quarter outlook fell short on weaker spending in the education market. Still, many analysts say an HP-Aruba merger would make sense. The results came

Aruba Networks Beats Q1 Views, But Forecast Weaker

Enterprise wireless up-and-comer Aruba Networks beat Wall Street revenue and profit views late Thursday as fiscal first-quarter revenue jumped 29% over the prior year to $207.8 million and earnings rose 62.5% to 26 cents per share. Revenue came in nearly $5 million more than analysts had expected. Earnings beat by a penny. But Aruba (ARUN) sees Q2 EPS of 26-27 cents on revenue of $208 million-$212 million. Analysts see EPS of 27 cents on revenue