Credit: Aruba Networks, Inc. ( ARUN ) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The upside came after an analyst price target increase and the company's better-than-expected second-quarter fiscal 2015 results. This led to far more shares changing hands than in a normal session, continuing the recent uptrend of the company as the stock is now up 52.49% since Feb 9.
The stock has witnessed one downward estimate revision in the past 30 days. The Zacks Consensus Estimate, however, has moved up over the same time frame, suggesting that more solid trading could be ahead for Aruba Networks. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.
Aruba Networks carries a Zacks Rank #4 (Sell), while its Earnings ESP is Positive.
A better-ranked stock in the wireless equipment industry is InterDigital, Inc. ( IDCC ), sporting a Zacks Rank #1 (Strong Buy).
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ARUBA NETWORKS (ARUN): Free Stock Analysis Report
INTERDIGITL INC (IDCC): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
