Aruba Networks, Inc. (ARUN) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company — as the stock is now down nearly 2% since Jun 27, 2014.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Aruba Networks currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other players in the wireless equipment industry include Comtech Telecommunications Corp. (CMTL), InterDigital, Inc. (IDCC) and ARC Group Worldwide, Inc. (ARCW). While Comtech Telecommunications and InterDigital sport a Zacks Rank #1 (Strong Buy), ARC Group has the same Zacks Rank as Aruba Networks.
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