aruba networks inc (ARUN:NASDAQ GS)
aruba networks inc (ARUN) Snapshot
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Open
$12.68
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Previous Close
$17.61
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Day High
$13.16
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Day Low
$12.38
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52 Week High
02/22/13 - $26.78
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52 Week Low
06/5/12 - $12.36
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Market Cap
1.5B
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Average Volume 10 Days
10.8M
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EPS TTM
$-0.21
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Shares Outstanding
113.9M
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EX-Date
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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aruba networks inc (ARUN) Latest News
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Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. It offers ArubaOS, an operating system software for wired, wireless, and remote access products for integrating user-based security, application-aware radio-frequency services, and wireless local area network (LAN) access to deliver mobile networking solutions, as well as provides various software modules for ArubaOS. The company also offers Mobility Controllers, which provides context-aware networking across wireless and wired LANs, virtual private network (VPN) connections, and remote offices; ClearPass Access Management System for bring your own device provisioning and onboarding, as well as for IT-issued and personal mobile devices to connect to any network; Aruba Instant, a controller-less Wi-Fi solution; AirWave, a multivendor network management software that manages radio frequency (RF) environment, controllers, wired infrastructure, and access points; and Access Points, which offers integrated RF management, intrusion prevention, and support for maximum client density of smartphones and tablets. In addition, it provides Mobility Access Switches that brings context-based access to wired networks; Outdoor Mesh Routers for transporting voice, video, and other real-time applications across long distances; Wi-Fi-Aware Virtual Intranet Access Client, which provides remote network connectivity for mobile devices and laptops; and access on-ramps, including wireless, wired, and VPN products, as well as remote networking solutions. The company sells its products to general enterprise, higher education, K-12 education, finance, government, healthcare, hospitality, manufacturing, media, retail, high-technology, telecom, transportation, and utilities through its sales force, value-added resellers and distributors, and original equipment manufacturers. Aruba Networks, Inc. was incorporated in 2002 and is headquartered in Sunnyvale, California.
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Aruba Networks, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2013. For the quarter, the company reported total revenue of $147,136,000 against $131,894,000 a year ago. Operating loss was $2,423,000 against operating income of $3,303,000 a year ago. Loss before income taxes was $2,271,000 against income before income taxes of $2,929,000 a year ago. Net loss was $20,191,000 against net profit of $6,028,000 a year ago. Diluted net loss per common share was $0.18 against EPS of $0.05 a year ago. Non-GAAP net income was $14,015,000 against $19,372,000 a year ago. Non-GAAP net income per common share was $0.11 against $0.16 a year ago. For the nine months, the company reported total revenue of $446,980,000 against $377,521,000 a year ago. Operating income was $8,329,000 against $5,307,000 a year ago. Income before income taxes was $10,344,000 against $9,066,000 a year ago. Net loss was $16,027,000 against $5,821,000 a year ago. Diluted net loss per common share was $0.14 against $0.05 a year ago. Non-GAAP net income was $63,446,000 against $55,452,000 a year ago. Non-GAAP net income per common share was $0.51 against $0.46 a year ago. Net cash provided by operating activities was $107,903,000 against $70,775,000 a year ago. Purchases of property and equipment were $15,990,000 against $8,805,000 a year ago.
Aruba Networks, Inc. announced preliminary results for the third quarter of fiscal year 2013 ended April 30, 2013. The company expects revenue for the third quarter of fiscal year 2013 to be approximately $144 million to $147 million, below the company's previously stated guidance of $159 million to $161 million. The company expects GAAP net loss to be in the range of $0.20 per share to $0.18 per share. Non-GAAP net income is expected to be in the range of $0.11 per share to $0.12 per share compared with previously stated guidance of approximately $0.20 per share.
Aruba Networks, Inc. announced Aruba WorkSpace, a new component of the company's ClearPass Access Management System. With the addition of Aruba WorkSpace, for the first time, Network Access Control (NAC), Mobile Device Management (MDM) and Mobile Application Management (MAM) systems are a part of one solution and work together to secure company data and reduce BYOD helpdesk costs. Aruba WorkSpace is built on an enterprise network policy system, making it network-fluent. This means higher network priority can be automatically assigned to work applications. In the event an employee's device connects to an untrusted network, Aruba WorkSpace can automatically establish application-specific VPNs to encrypt traffic and provide uninterrupted access to internal resources. Aruba WorkSpace can also restrict network access if a device is jail-broken or contains unapproved applications. Existing approaches to BYOD have required enterprise IT departments to integrate different systems, adding complexity and creating employee usability and privacy concerns. By combining all functions into a single platform, Aruba WorkSpace simplifies BYOD management, lessening the overall burden on IT. As an alternative to its native device management functions, Aruba ClearPass features integration with top Mobile Device Management vendors, including AirWatch, FiberLink, JAMF Software, MobileIron and SOTI. This integration allows customers with existing MDM solution deployments or preferences to realize a combined value of integrated, context-based network policy, device onboarding and security, and a full range of mobile device management capabilities. This integration of Aruba ClearPass and MDM solutions can orchestrate critical mobile device security actions based on who the users are, what device they are using, what applications they are running, and their location. For example, mobile device cameras can be disabled if the device is in a secure, restricted location. In addition to providing comprehensive BYOD controls for IT, Aruba WorkSpace offers unparalleled end-user controls to personalize the BYOD experience and reduce the demands on helpdesk resources. An Aruba WorkSpace mobile application is pushed to employee devices, allowing employees to access and manage work applications, share AirPrint and AirPlay devices with other users or groups, manage other on-boarded devices, and configure guest accounts. All aspects of BYOD are accessible to end users in one location. To manage the use of personal, mobile devices, the Aruba WorkSpace mobile application provisions a separate, encrypted area on the devices for work applications and content. This gives IT full control over the corporate information in this encrypted space, but no visibility into personal areas of the device, thereby protecting employee privacy. The ClearPass Access Management System is shipping now. The Aruba WorkSpace software for ClearPass is now in beta testing and will be available in July 2013. A client-side software application called Aruba WorkSpace for both iOS and Samsung Android-based devices will be available from the Apple App Store and The Google Play marketplace, also in July, 2013.
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Industry Analysis
ARUN
Industry Average
| Valuation | ARUN | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 3.5x |
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| Price/Book | 4.0x |
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| Price/Cash Flow | 280.2x |
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| TEV/Sales | 2.8x |
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