UP!
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Type
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Subsidiary |
|---|---|
| Industry | Computer networking |
| Founded | Sunnyvale, California, USA (2002) |
| Headquarters | Santa Clara, CA |
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Key people
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Keerti Melkote, Co-founder & CTO Pankaj Manglik, Co-founder & Past CEO |
| Revenue |  US$1.6 billion (FY 2017) |
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Operating income
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 US$-32.6M (FY 2010) |
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Net income
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US$-34.0M (FY 2010) |
| Total assets | US$251M (FY 2010) |
| Total equity | US$151M (FY 2010) |
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Number of employees
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1,800 (2017) |
| Parent | Hewlett Packard Enterprise |
| Website | www |
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.
| 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
In ARUN 3 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Dynamic Technology Lab Pte Ltd | 48619 |
| Placemark Investments, Inc. | 10979 |
| SpiderRock Trading LLC | 1000 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| KIRBY G MICHAEL EVP, Worldwide Sales | 0.64% (695189) | ARUN / |
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