 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Aruba Networks, Inc. (ARUN) provides enterprise mobility solutions worldwide.
It offers access points that deliver secure Wi-Fi client access to various indoor and outdoor enterprise wireless local area network environments; and mobility controllers, which manage wired and wireless access across indoor, outdoor, and remotes locations.
The company also offers mobility access switches, which enable role-based network access for wired users and devices; and remote access points (RAPs), which are single and dual-radio RAPs that offer wired and wireless network access, zero-touch provisioning, role-based access control, policy-based forwarding, air monitoring, and wireless intrusion protection.
In addition, it provides airwave network management that offers clarity and control over mobile users on multi-vendor and multi-site networks; virtual intranet access client software, which provides secure Wi-Fi connectivity for Android, iOS, Mac OS, and Windows mobile devices and laptops; and outdoor wireless mesh routers that are designed to be deployed where wired connectivity is impractical or unavailable. Further, the company provides ClearPass access management system for application, device, and network usage controls.
Additionally, it offers mobility applications, such as WorkSpace mobile app for bring-your-own-device; application programming interfaces for location and analytics applications; and Meridian application for visitor engagement through indoor way-finding and targeted location-based messaging, as well as provides customer support, professional, and training services. The company sells its products to general enterprise, high tech enterprise, industrial enterprise, higher education, K-12 education, health care, retail, government, finance, and hospitality industries through its direct sales force, value-added resellers and distributors, and original equipment manufacturers.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm reported strong quarterly results last week that have pushed higher out of this formation. We expect higher share prices for this stock.
52-Week Trading Range: $15.97 - $23.58
Entry Point: $21.18
Stop Loss: $20.10
Target Price: $23.30
We are taking profits on ARUN after it reached our target. Closed at $23.40.
