Thursday, February 28, 2013
Aruba Networks Soars As Dilution Is Reduced
Aruba Networks (ARUN) has long been an interesting stock. The provider of next-generation network access solutions for mobile enterprises had a serial issue with diluting away the strong revenue growth. It reported Q2 2013 earnings that exceeded the market estimates, sending the stock higher in after-hours trading.
Previous research for this article (see Aruba Networks: Revenue Growth Disappears In Thin Air) had suggested ignoring this stock until revenue growth actually flowed to the bottom line. Back then; the company had 34% revenue growth in the December 2011 quarter that lead to earnings only increasing from $0.14 to $0.16. Has management finally changed the tune to suit shareholders?
Read the full article at Seeking Alpha.
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