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ARUN $24.67   View long term graphs

Aruba, a Hewlett Packard Enterprise Company
Type
Subsidiary
Industry Computer networking
Founded Sunnyvale, California, USA (2002)
Headquarters Santa Clara, CA
Key people
Keerti Melkote, Co-founder & CTO
Pankaj Manglik, Co-founder & Past CEO
Revenue IncreaseUS$1.6 billion (FY 2017)
Operating income
DecreaseUS$-32.6M (FY 2010)
Net income
DecreaseUS$-34.0M (FY 2010)
Total assets IncreaseUS$251M (FY 2010)
Total equity IncreaseUS$151M (FY 2010)
Number of employees
1,800 (2017)
Parent Hewlett Packard Enterprise
Website www.arubanetworks.com

Aruba, a Hewlett Packard Enterprise Company, is a vendor of data networking solutions for enterprises and businesses worldwide. Aruba Networks was founded in 2002 and is focused on bringing Wi-Fi wireless LAN mobility solutions to enterprise networks. With its acquisition by Hewlett-Packard (now Hewlett Packard Enterprise) in 2015, Aruba Networks has become the entity of Hewlett Packard Enterprise bringing to market all campus and small business data networking offerings of HPE. Its core products are wireless Access Points (APs), wired switches, mobility controllers, and network management software. The company has over 1,800 employees and is headquartered in Santa Clara, California.

Aruba was founded in 2002 by Keerti Melkote and Pankaj Manglik. The company had venture capital investments by Sequoia Capital and Matrix Partners. In 2005, it entered into an agreement to provide OEM equipment to Alcatel-Lucent. Aruba went public in March 2007. It acquired the wireless security business of Network Chemistry later that year. In 2008, it purchased AirWave Wireless, a vendor of wireless network management software.

In May 2009, the company introduced the Virtual Branch Network (VBN) family of products targeting branch offices and remote locations. According to the Dell'Oro Report published in 2011, the firm was second in market share in the wireless LAN market. It had the second largest market share of 802.11ac access points in 2014.

On March 2, 2015, Hewlett-Packard announced that it would acquire Aruba for $2.7 billion. On May 19, 2015, HP completed the acquisition for a transaction value of $3 billion. Aruba was combined into the HP Networking business within HP’s Enterprise Group organization.

With the Hewlett-Packard split into Hewlett Packard Enterprise and HP Inc. on November 1, 2015, Aruba became a Hewlett Packard Enterprise company. FY2016 results of Aruba were included as part of the Enterprise Group results of Hewlett Packard Enterprise.

In March 2015, Aruba introduced the 7000 series of cloud services controllers, which combines wireless, wired and WAN services; supports up to 24 Ethernet ports and 64 APs; and features integrated WAN compression, health checks, zero-touch configuration, and policy-based routing. The 7000 series also integrates with Microsoft's Lync Server 2013 mobile unified communications (UC) solution, via certification for Lync software-defined networking (SDN) API.

Gartner positioned HP and Aruba as a leader in their 2015 Wired and WLAN Access Infrastructure Magic Quadrant Report. According to Gartner’s 2015 Critical Capabilities report, Aruba led all of the wireless LAN access categories and with the addition of HP’s Ethernet switching line, was a close second in wired only.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2015 2015-08-27 Future report Set alerts
Q3 2015 2015-05-21 Future report Set alerts
Q2 2015 2015-02-26 0.30 0.05
Q1 2015 2014-11-20 0.26 0.02
Q4 2014 2014-08-26 0.24 -0.04
Q3 2014 2014-05-22 0.20 -0.06
Q2 2014 2014-02-20 0.18 -0.10
Q1 2014 2013-11-21 0.16 -0.07
Q4 2013 2013-08-22 0.12 -0.14
Q3 2013 2013-05-16 0.11 -0.18

Ratings

2015-11-26 Lower Price Target Wedbush Outperform $27.00 to $22.00
2015-03-04 Downgrade Imperial Capital Outperform to In-Line
2015-03-03 Boost Price Target Citigroup Inc. Neutral $19.50 to $24.67
2015-03-03 Downgrade Stephens Overweight to Equal Weight
2015-03-03 Downgrade Needham & Company LLC Buy to Hold
2015-03-03 Downgrade Stifel Nicolaus Buy to Hold
2015-03-03 Downgrade Raymond James Outperform to Market Perform
2015-03-03 Downgrade Macquarie Outperform to Neutral
2015-03-03 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-03-02 Downgrade SunTrust Buy to Neutral
2015-03-02 Downgrade Piper Jaffray Overweight to Neutral $27.00 to $24.67
2015-03-02 Downgrade SunTrust Banks Inc. Buy to Neutral
2015-03-02 Downgrade Piper Jaffray Cos. Overweight to Neutral $27.00 to $24.67
2015-02-27 Set Price Target Oppenheimer Outperform $20.00 to $25.00
2015-02-27 Boost Price Target Imperial Capital Outperform to Outperform $19.00 to $27.00
2015-02-27 Reiterated Rating JMP Securities Hold
2015-02-27 Boost Price Target Deutsche Bank Hold $19.00 to $20.00
2015-02-27 Boost Price Target Pacific Crest Outperform $22.00 to $27.00
2015-02-27 Boost Price Target Barclays Overweight $22.00 to $28.00
2015-02-27 Boost Price Target RBC Capital Outperform $21.00 to $23.00
2015-02-27 Set Price Target Oppenheimer Holdings Inc. Outperform $20.00 to $25.00
2015-02-27 Boost Price Target Deutsche Bank AG Hold $19.00 to $20.00
2015-02-27 Boost Price Target Barclays PLC Overweight $22.00 to $28.00
2015-02-27 Boost Price Target Royal Bank Of Canada Outperform $21.00 to $23.00
2015-02-25 Reiterated Rating Needham & Company LLC Buy to Buy $25.00 to $26.00
2015-02-09 Lower Price Target Imperial Capital Buy $24.00 to $19.00
2015-02-04 Set Price Target Oppenheimer Buy $20.00
2015-01-26 Initiated Coverage Citigroup Inc. Neutral $20.00
2015-01-14 Lower Price Target Barclays Overweight $25.00 to $22.00
2015-01-12 Downgrade JMP Securities Outperform to Market Perform $29.00
2014-11-24 Upgrade Raymond James Market Perform to Outperform $25.00
2014-11-21 Reiterated RBC Capital Mkts Outperform $27 to $24
2014-11-21 Lower Price Target Imperial Capital Outperform $26.00 to $24.00
2014-11-21 Reiterated Rating Bank of America Neutral to Underperform
2014-11-21 Lower Price Target JPMorgan Chase & Co. Neutral $21.00 to $20.00
2014-11-21 Lower Price Target RBC Capital Outperform $27.00 to $24.00
2014-11-21 Reiterated Rating Bank of America Corp. Neutral to Underperform
2014-10-15 Reiterated Rating Northland Securities Outperform
2014-10-14 Reiterated Rating Morgan Stanley Equal Weight $8.40 to $22.00
2014-10-07 Boost Price Target RBC Capital Outperform $24.00 to $27.00
2014-09-12 Initiated Coverage Morgan Stanley Equal Weight
2014-08-27 Upgrade UBS Neutral to Buy $21 to $25
2014-08-27 Boost Price Target Mizuho Neutral $20.00 to $21.00
2014-08-27 Boost Price Target Imperial Capital Outperform $23.00 to $26.00
2014-08-27 Boost Price Target Cowen and Company $27.00 to $28.00
2014-08-27 Boost Price Target BMO Capital Markets $21.00 to $23.00
2014-08-27 Boost Price Target Barclays Overweight $21.00 to $25.00
2014-08-27 Upgrade Stephens Equal Weight to Overweight $25.00
2014-08-27 Upgrade JPMorgan Chase & Co. Underweight to Neutral $15.00 to $21.00
2014-08-27 Boost Price Target Stifel Nicolaus Buy $24.00 to $26.00
2014-08-27 Lower Price Target Pacific Crest $63.00 to $62.00
2014-08-27 Boost Price Target Piper Jaffray $26.00 to $28.00
2014-08-14 Upgrade Stifel Nicolaus Hold to Buy $24.00
2014-07-16 Initiated Coverage Buckingham Research Neutral $19.00
2014-07-14 Upgrade Macquarie Neutral to Outperform $22.00 to $24.00
2014-07-10 Reiterated Rating Barclays Overweight $25.00 to $21.00
2014-07-08 Lower Price Target RBC Capital Outperform $28.00 to $23.00
2014-05-23 Reiterated Rating Piper Jaffray Overweight
2014-05-19 Initiated Coverage Imperial Capital Outperform $23.00
2014-05-02 Upgrade Oppenheimer Market Perform to Outperform $24.00
2014-04-10 Initiated Coverage SunTrust Buy $25.00
2014-04-04 Initiated Coverage Northland Securities Outperform $27.00
2014-04-03 Initiated Coverage Northland Securities Outperform
2014-03-28 Lower Price Target Jefferies Group $22.50 to $21.50
2014-03-20 Initiated Coverage Macquarie Neutral $22.00
2014-03-19 Initiated Coverage Mizuho Neutral $20.00
2014-03-12 Boost Price Target Goldman Sachs Neutral $24.00 to $26.00
2014-03-10 Initiated Coverage Sanford C. Bernstein Underperform $14.00
2014-02-21 Boost Price Target Pacific Crest Buy $21.00 to $27.00
2014-02-21 Reiterated Dougherty & Company Buy $24 to $26
2014-02-21 Boost Price Target Barclays Overweight $21.00 to $25.00
2014-02-21 Boost Price Target Deutsche Bank Hold $17.00 to $19.00
2014-02-21 Boost Price Target Needham & Company LLC Buy $24.00 to $25.00
2014-02-21 Boost Price Target BMO Capital Markets $20.00 to $23.00
2014-02-21 Boost Price Target JMP Securities $24.00 to $29.00
2014-02-19 Initiated Coverage Dougherty & Co Buy $24.00 to $26.00
2014-02-18 Boost Price Target Janney Montgomery Scott Neutral to Fair Value $20.00 to $22.00
2013-11-22 Reiterated Rating Deutsche Bank Hold $16.00 to $17.00
2013-11-22 Boost Price Target RBC Capital $22.00 to $23.00
2013-11-22 Boost Price Target Wedbush $17.00 to $19.00
2013-11-22 Boost Price Target BMO Capital Markets $19.00 to $20.00
2013-11-22 Boost Price Target Cowen and Company $22.00 to $24.00
2013-11-22 Upgrade Needham & Company LLC Hold to Buy $24.00
2013-11-19 Reiterated Rating JMP Securities Outperform $22.00
2013-11-18 Reiterated Rating Wells Fargo & Co. Market Perform $17.00 to $19.00
2013-11-18 Reiterated Rating Wells Fargo Market Perform $17.00 to $19.00
2013-10-30 Boost Price Target RBC Capital Outperform $18.00 to $22.00
2013-10-30 Reiterated Rating Oppenheimer Market Perform
2013-10-21 Initiated Northland Capital Outperform $24
2013-10-21 Initiated Coverage Northland Securities Outperform $24.00
2013-10-02 Boost Price Target Pacific Crest Outperform $20.00 to $21.00
2013-09-17 Initiated Coverage Piper Jaffray Overweight $26.00
2013-06-17 Initiated Maxim Group Buy $17
2013-05-17 Reiterated Mizuho Neutral $18 to $12
2015-11-26 Lower Price Target Wedbush Outperform $27.00 to $22.00
2015-03-04 Downgrade Imperial Capital Outperform to In-Line
2015-03-03 Boost Price Target Citigroup Inc. Neutral $19.50 to $24.67
2015-03-03 Downgrade Stephens Overweight to Equal Weight
2015-03-03 Downgrade Needham & Company LLC Buy to Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In ARUN 3 funds of 2184 total. Show all

Fund name Ticker shares
Dynamic Technology Lab Pte Ltd 48619
Placemark Investments, Inc. 10979
SpiderRock Trading LLC 1000

Major Shareholders

Name Relationship Total Shares Holding stocks
KIRBY G MICHAEL EVP, Worldwide Sales 0.64%  (695189) ARUN /

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