Aruba Networks may be more cautious with outlook, says Lazard Capital
Lazard Capital said earlier this morning that it expects Aruba Networks to report largely in-line Q2 results, but added the company may take a more cautious stance with regards to its outlook given the uncertain macro environment. The firm expects management to guide Q3 revenue in-line to slightly below the consensus estimate. However, Lazard Capital added that its channel checks indicate Aruba's fundamentals remain very strong. The firm kept a Buy rating on the stock.