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Aruba Networks, Inc. Message Board

  • buyersbroker_246 buyersbroker_246 Jan 31, 2013 9:18 AM Flag

    Meru Reports Strong Quarter

    Looks like we have a strong bid this morning, with the market looking to open flat to weaker. Meru was up 40% yesterday after reporting a top and bottom line beat yesterday. Their conference call was last night after the close. I'm wondering if there are some more analyst upgrades out there fueling increased demand for ARUN shares. Still over 20 million shares short as of 1/15/13. If we can break through the 52 week high in the $25 range, we could start to see some short covering and a Netflix type move when earnings are reported.

    Sentiment: Buy

24.6350.000(0.00%)Apr 23 3:59 PMEDT