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Last $24.61 USD
Change Today -0.025 / -0.10%
Volume 1.0M
ARUN On Other Exchanges
Symbol
Exchange
ARUN is not on other exchanges.
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

aruba networks inc (ARUN) Snapshot

Open
$24.64
Previous Close
$24.64
Day High
$24.64
Day Low
$24.61
52 Week High
02/27/15 - $24.97
52 Week Low
02/5/15 - $15.65
Market Cap
2.7B
Average Volume 10 Days
2.2M
EPS TTM
$0.04
Shares Outstanding
109.8M
EX-Date
--
P/E TM
700.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for ARUBA NETWORKS INC (ARUN)

aruba networks inc (ARUN) Related Businessweek News

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aruba networks inc (ARUN) Details

Aruba Networks, Inc. provides enterprise mobility solutions worldwide. It offers access points that deliver secure Wi-Fi client access to indoor and outdoor enterprise wireless local area network environments; and mobility controllers, which manage wired and wireless access across indoor, outdoor, and remotes locations. The company also provides mobility access switches that enable role-based network access for wired users and devices; and remote access points, which offer wired and wireless network access, zero-touch provisioning, role-based access control, policy-based forwarding, air monitoring, and wireless intrusion protection. In addition, it offers airwave network management for clarity and control over mobile users on multivendor and multisite networks; Aruba Central, a cloud-based management solution designed to provide centralized monitoring, configuration, and reporting for networks; virtual Intranet access client software, a secure Wi-Fi connectivity for Android, iOS, Mac OS, and Windows mobile devices and laptops; and outdoor wireless mesh routers designed to be deployed where wired connectivity is unavailable. Further, the company provides ClearPass access management system to simplify and automate policy management, guest network access, mobile device onboarding, and mobile device health checks. Additionally, it offers Meridian application that engages visitors through their mobile devices by providing indoor wayfinding with turn-by-turn directions, and targeted location-aware push notifications, as well as offers customer support, professional, and training services. The company sells its products to general enterprise, high tech and industrial enterprise, higher and K-12 education, health care, retail, government, financial, and hospitality industries through its direct sales force, value-added resellers and distributors, and original equipment manufacturers. Aruba Networks, Inc. was founded in 2002 and is headquartered in Sunnyvale, California.

1,797 Employees
Last Reported Date: 03/10/15
Founded in 2002

aruba networks inc (ARUN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $400.0K
Co-Founder, Chief Technology Officer and Dire...
Total Annual Compensation: $280.0K
Chief Financial Officer
Total Annual Compensation: $315.0K
Executive Vice President of Worldwide Sales
Total Annual Compensation: $265.6K
Compensation as of Fiscal Year 2014.

aruba networks inc (ARUN) Key Developments

Boston Medical Center Improves Physician and Staff Efficiency, Advances Patient Care with Aruba Networks, Inc.'s Gigabit Wi-Fi

Aruba Networks, Inc. announced that Boston Medical Center (BMC) is deploying Aruba’s 802.11ac and mobile app solutions to enable a campus-wide Gigabit wireless network with indoor location services that will benefit physicians, staff and patients. With more than 26,064 admissions and 874,770 patient visits in the last year, BMC is undergoing a major clinical campus redesign project, which will include expanding wireless coverage and upgrading to 802.11ac in all 30 existing buildings, as well as the renovated and expanded Menino Pavilion, Yawkey Center and Moakley Buildings. In addition, the Medical Center plans to implement Aruba’s Meridian mobile app platform to allow physicians, staff, patients and visitors to more easily find their way around campus, as well as access important information and services. BMC also plans to launch Aruba’s Meridian mobile app platform to deliver wayfinding capabilities. Navigating BMC’s large campus is a challenge even for hospital staff who sometimes have trouble locating departments they may not frequent. With the Meridian mobile app platform, BMC can roll out their own mobile application to help both staff and visitors find their way from one department or building to another using indoor navigation technology.

Robbins Arroyo LLP Files Class Action Lawsuit Against Aruba Networks, Inc

Robbins Arroyo LLP announced that it filed a class action lawsuit on April 1, 2015, in the U.S. District Court for the Northern District of California, San Jose Division on behalf of the shareholders of Aruba Networks, Inc. against Aruba and its Board of Directors for, among other things, violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated there under. The complaint arises out of a March 2, 2015 press release announcing that Aruba had entered into a definitive merger agreement with Hewlett-Packard Company pursuant to which Aruba shareholders would receive $24.67 per share in cash. The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated shareholders of Aruba. The named plaintiff is represented by Robbins Arroyo LLP. The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading Definitive Proxy Statement with the U.S. Securities and Exchange Commission in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Aruba shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

Aruba Networks, Inc. Signs a Partnership Agreement with WestconGroup

Aruba Networks, Inc. announced that it has signed a partnership agreement with WestconGroup. The relationship extends from the Middle East and includes France, Spain, Sweden, Denmark and South Africa. As per the agreement, WestconGroup will distribute Aruba's portfolio of access management, network infrastructure and mobile engagement solutions through its extensive network of resellers and system integrators across these regions, enabling regional organizations to create next-generation wireless networks. Within the Middle East, WestconGroup initially plans to focus its efforts on expanding Aruba's footprint in high-growth markets like UAE, Qatar, Egypt, Kuwait, Pakistan and Oman. The partnership will involve WestconGroup recruiting the right channel partners and managing them to build a steady revenue stream and scale Aruba's business in the region.

 

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Industry Analysis

ARUN

Industry Average

Valuation ARUN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.3x
Price/Book 8.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.9x
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