Why Aruba Networks (ARUN) Could Be Positioned for a Surge?
Aruba Networks, Inc. (ARUN) is a Wireless Equipment provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ARUN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Aruba Networks could be a solid choice for investors.
Current Quarter Estimates for ARUN
In the past 30 days, 5 estimates have gone higher for Aruba Networks while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 7cents a share 30 days ago, to 8 cents today, a move of 14.3%.
Current Year Estimates for ARUN
Meanwhile, Aruba Networks’ current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 35 cents per share 30 days ago to 44 cents per share today, an increase of 25.7%.
Bottom Line
The stock has also started to move higher lately, adding 17.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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ARUBA NETWORKS INC (ARUN): Free Stock Analysis Report
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