3SOF

David,

Also note that Wednesday afternoon a SELL recommendation and price target of $4.50 was issued by Goldman for ARUN, which precipitated that big drop on Thursday.  I don't have a public link to provide.   The reason given was overall pressure on the sector and challenges in competing with Cisco. 

Thanks.

Hello David,

I was wondering what you think of Aruba Networks (ARUN)?    It seems over sold to me at this point. Recent gap down a couple weeks ago due to news of preannounced delayed revenues and its impact to earnings. That caused the price to be cut in half from 11 to 5.   

This past Tuesday, on Feb 26, they had the official earnings CC. Didn't seem like there were any surprises.  And the company announced a $10million share buyback, which is a decent chunk of the float according to the numbers on yahoo.  I own shares at an average of $5.15, soley on price, if nothing else.    Today it seemed like it was starting to move back up a little near the close, but perhaps that is the buyback in action......hard to tell.  Your opinion would be much appreciated.

Thanks!