Merger and Acquisition #4: Aruba Networks, Inc.
The fourth potential take-over target for the cash-rich technology giants according to Bloomberg BusinessWeek is the Sunnyvale, CA based Aruba Networks, Inc.(Nasdaq:ARUN). Aruba Networks provides wireless network solutions for the enterprises to allow seamless internet access throughout the company. The company's wireless technology are great fit for HP and Cisco to strengthen their wireless product line for the enterprise clients.
Shares of Aruba Networks have gone up about 800% for the past two years and is currently trading just a little bit below the 52 weeks high of $22.64 per share. Revenue has been up for the past 5 years and are still on the rise quarter by quarter this year. Looking at the technical chart, ARUN is on a very strong uptrend with 20 day MA and 50 day MA going up. Currently ARUN has market cap of $2.2 billion and is still affordable for the tech giant.
Shares of Aruba Networks have gone up about 800% for the past two years and is currently trading just a little bit below the 52 weeks high of $22.64 per share. Revenue has been up for the past 5 years and are still on the rise quarter by quarter this year. Looking at the technical chart, ARUN is on a very strong uptrend with 20 day MA and 50 day MA going up. Currently ARUN has market cap of $2.2 billion and is still affordable for the tech giant.
posted by Stock Geek at
9:11 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home