I periodically check ARUN's job openings in the career section of their website as a barometer of activity. About one year ago, they had around 45 openings. Six months ago, it was about 30. Today, they are listing openings for 64 (SIXTY-FOUR) positions. They are hiring and in need of people. This tells me demand is strong. But we have always said here that demand is not ARUN's problem. Meeting the demand in the most efficient manner is their challenge.
Having said that, my gut tells me they will hit the higher end of their 150-153M projected revenue target. The overall trajectory of the business will be very favorable. Forward guidance will be strong. Now, how the market reacts to the numbers and the macro environment at the time they report is another matter. But I expect another solid quarter.
Disclosure: I had a limit order to sell 500 more at $23.03 today that just missed. So still at 15,500 shares.
Down to 61 jobs this morning. Three must have filled or been taken out of consideration. Of those, 27 are engineering and 22 are sales. Most of the engineering jobs appear to be in CA, but the sales positions are dispersed across wide geographical areas. It seems a bit odd that they have so many sales position openings when over 90% of their business is through indirect channels. A few of the positions seem to be connected to working with OEM's, such as Dell.