Aruba Networks Earnings: Here’s Why Shares are Down Now
Aruba Networks, Inc. (NASDAQ:ARUN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.22%.
Aruba Networks, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.33% to $0.12 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 9.95% to $153.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Aruba Networks, Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $149.33 million.
Quoting Management: “We exceeded our fourth quarter revenue expectations and added a record number of new customers,” said Dominic Orr, Aruba’s president and chief executive officer. “This performance was driven by strong execution, improvements across most of our geographical theatres and increased demand in our core verticals globally. Looking forward, we are confident in our strong growth drivers including our 802.11ac products, ClearPass, public facing enterprise solutions and Aruba Instant.”
Key Stats (on next page)…