Needham & Company Cuts Price Target on Aruba Networks (ARUN)
Needham & Company lowered their price target on shares of Aruba Networks (NASDAQ: ARUN) from $28.00 to $25.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock.
A number of other firms have also recently commented on ARUN. Analysts at Wedbush cut their price target on shares of Aruba Networks from $27.00 to $22.00 in a research note to investors on Tuesday. Separately, analysts at Mizuho cut their price target on shares of Aruba Networks from $23.00 to $18.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Cowen initiated coverage on shares of Aruba Networks in a research note to investors on Wednesday, April 11st. They set an “outperform” rating on the stock.
Aruba Networks opened at 15.70 on Wednesday. Aruba Networks has a 1-year low of $15.64 and a 1-year high of $36.40. The company has a market cap of $1.723 billion and a price-to-earnings ratio of 32.17.
Aruba Networks, Inc. connects local and remote users to corporate information technology (IT) resources via distributed enterprise networks.