Aruba Networks Rallies As 4Q Results Top Views

Publication date: Thu, 09/03/2009
Wall Street Jrnl Aug. 28

Shares of Aruba Networks jumped a day after the secure-access and wireless-network equipment maker posted results above Wall Street's estimates. The performance came as many businesses remain cautious about making large tech purchases in the weak economy & tight credit. But CEO Dominic Orr said Aruba gained market share by adding over 600 new customers across a broad range of industries despite recession while gaining significant traction with existing customers. In recent premarket trading, shares were up 14% at $9.31. The stock already tripled in 09 as results also topped views in the prior quarter. For the period ended July 31, Aruba's loss narrowed to $4.5M, or 5