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ARUN: Short Interest DN 58.7% to 1.9M in Mid Feb 2008
Thursday , February 28, 2008 06:00ET
According to new short interest data from NASDAQ, short interest for Aruba Networks Inc (NasdaqNM: ARUN) DECREASED 58.7% to 1,881,317 shares as reported in mid-February, 2008.
SYMBOL ARUN
END JANUARY 4,555,114
MID FEBRUARY 1,881,317
CHANGE -2,673,797
%CHANGE 58.70%
DAYS/COVER 1
Based on ARUN's 20-day average daily share volume of 2,254,600, it would require approximately 1 day(s) of buying to cover this short interest.
Some others are thinking a bottom has been reached or was close to being reached.
JT,
I'm showing The Reuters Research Average Rating of 11 brokers is OUTPERFORM with a range of BUY to HOLD. Does that make it any better? :) I don't see any sells in there (yet)
Wed 9:33am ARUN New Star Analyst Rankings for ARUBA NETWORKS, INC. - StarMine
http://finance.yahoo.com/q/sa?s=arun
(nine analysts now following ARUN....Kramers rule of thumb...more than four .....forget about it....pps is looking tasty....any insight please?)
ARUBA NETWORKS ANNOUNCES FISCAL SECOND QUARTER FINANCIAL RESULTS
Board of Directors Approves Stock Repurchase Plan
SUNNYVALE, California, February 26, 2008 — Aruba Networks, Inc.(NASDAQ: ARUN), a global leader in wireless LANs and secure unified mobility solutions, today released financial results for the fiscal second quarter ended January 31, 2008.
Revenues for the fiscal second quarter of 2008 were approximately $40.6 million, an increase of 53% from $26.6 million reported in the fiscal second quarter of 2007. GAAP net loss for the fiscal second quarter of 2008 was $3.5 million, or $0.04 per share, compared to a net loss of $7.2 million, or $0.52 per share, in the fiscal second quarter of 2007. GAAP results for the second fiscal quarter of 2008 included $4.1 million of non-cash stock-based expenses.
Non-GAAP net income for the fiscal second quarter of 2008 was $0.6 million, or $0.01 per diluted share, compared to a non-GAAP net loss of $3.2 million, or $0.23 per diluted share, in the fiscal second quarter of 2007. Non-GAAP net income excludes the impact of stock-based expenses in all periods and, for the second fiscal quarter of 2007, expense related to the revaluation of warrants to fair value.
“Despite short term softness in our Federal and retail verticals, we added a record number of customers in the second quarter and saw continued strength in our education, healthcare and high tech verticals,” said Dominic Orr, president and chief executive officer of Aruba Networks. “Moving forward, we expect the Federal vertical to return to normal levels with the approval of the Federal budget. Additionally, we continue to believe that two key drivers in the retail sector — the need for PCI compliance and the need to replace aging wireless infrastructure — will drive long term growth for our wireless LAN solutions. With strong growth of new customer acquisitions, we now have a base of over 3,750 total customers worldwide.”
“We have been especially pleased with the strong interest in our 802.11n solutions,” continued Mr. Orr. “The education vertical accounts for approximately 50% of our current pipeline for this technology; however, we are seeing orders and evaluations by companies spread across our different vertical markets. We believe that the competitive differentiation of our architecture and products will continue to drive sales and help grow our business in coming quarters.”
“Gross margins were very strong, reflecting a favorable product mix,” said Steffan Tomlinson, Aruba’s chief financial officer. “We closely managed expenses during the period and were able to deliver non-GAAP profitability in a tougher quarter.”
Stock Repurchase Plan
Aruba also announced today that it has been authorized by its Board of Directors to institute a stock repurchase program for up to $10 million worth of its common stock. Purchases may be made, from time to time, in the open market and will be funded from available working capital. The number of shares to be purchased and the timing of purchases will be based on the price of the Company’s common stock, general business and market conditions, and other investment considerations.
Showed up on my scans today..lol
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26874165
ARUN caught my eye on some scans today. I would still be careful and wait for a closing white candle for a bottom. The insiders have been selling as fast as they could get out:
http://www.form4oracle.com/company?cik=0001173752&ticker=arun
surf
Hi JT. Damn ARUN getting hit today. I am not in yet, are you?
Any thoughts?
Bow
ARUN getting awfully inexpensive Bo.
GST was on a roll but decided on a slight pull-back the last couple days...UNG is another nat gas stock that may interest you....
Good Luck Friend and TTYS,
JT
Hi JT! Hope you are well. No, I have no position in ARUN at this time. I have boxed myself into a corner with CXTI.pk, IMDI and RGRP.ob. Waiting and holding to paint myself out??
One of the stocks I am monitoring is GST, natural gas play, closed about $1.60. Has over 200m outstanding shares, so?, but one year target is $4.50. On Wednesday there was about a 1.6M share block bought. Wellington and Palo Alto own shares. Let me know what you think! They say this is the season for natural gas!!
Hey thanks for the note and as always-
good investings,
Cheers, bow
Looking for he next leg up asap Friend...any ideas?
did you get any those 18s you were looking for Bo?
just curious,
JT
from Barron's 10/8/07 edition, Technology Week, Eric Savitz, page 33:
"Wick also expects a slide for Aruba Networks, which provides wireless-networking hardware for enerprise customers. He thinks a patent-infringement suit filed by Motorola will be 'very costly,' even if Aruba wins in court. And the stock is priced for perfection, trading at 90 times projected earnings for the July 2008 fiscal year."
ARUN closed at $21.05 on Friday 10/5/07.
On July 23, 2007 Aruba Networks announced the acquistion of Network Chemistry's line of RFprotect and BlueScanner wireless security products.
Designed to automatically detect network vulnerabilites, intrusion attempts, and policy violations, the Network Chemisty products are in the forefront of wireless intrusion detection and prevention solutions, and complement Arbua's broad existing line of wired and wireless security products.
Aruba plans to integrate the newly acquired products into its secure mobility solutions, as well as provide products and continuing support to existing Network Chemistry customers and partners. (source: Reuters)
& down to $18 I am not guessing so ... but like I say "God only knows and time will only tell"...Good luck again!
Hi JT.
Glad to hear from you.
Well if you want to talk shop:
Current possibilities are IDMI (@$2.76) and ZIXI (@$2.01). I also hold AXTI, which has had a recent run-up, but long term AXTI could do very well.
IDMI, jr. biotech. 27.5 million shares. Short term all or nothing on Junovan approval by FDA. in late August. If yes, >$7 in days. If no, pipeline, which is impressive, but a $3 stock for many months. I have a large position in IDMI @$3.18, currently in big hole. Watching, waiting and praying.
ZIXI. 60 milion shares. I just bought ZIXI on Tuesday @$1.88. Email security (main source of revenue now) and eprescription (possible future revenue source). Turn around story. Possible positive EPS in late 2008.
Long term looks very good, 5 year projected growth 40%, (www.yahoo.com). Short term some very strange things are in play. Apparently there is a huge nake short position in this stock. Per recent SEC ruling all "grandfathered" nake short positions must closed by 10/8/08. Holding ZIXI for long term.
Cheers.
WOW, I thought I was up on top of things and I see this message has been here for a while...I am not sure about the projection...I most play pinks/OTCBBs...I sure am glad I bought a "few" shares of this solid one though....Let me know what else is on your mind...I look forward to it...GLTY JT
Hello, JT are u there?
ARUN has a 418% 5 year growth rate on Yahoo finance. But on Reuters it is N/A. Do you know why it has such a high 5 year growth projection? Any comments?
I have never seen a stock with such a high projected 5 year growth rate. The next closest I have come across is SDXC at 124% projected 5 year growth.
I am not in yet, but watching closely. I think anything <$18, if it gets there, would be a possible buy point. Comments? Any chance you think it will get to $18, or possibily under?
Thanks. Lets get this site going! Thanks for setting it up.
bowonwing
Did I leave anything out...if so be the assistant moderator please and help me keep up with this thread...thank you and have a wonderful day!
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