Aruba Networks, Inc. ( ARUN ) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company - as the stock is now down nearly 2% since Jun 27, 2014.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Aruba Networks currently has a Zacks Rank #2 (Buy) while its Earnings ESP
Other players in the wireless equipment industry include Comtech Telecommunications Corp.
), InterDigital, Inc.
) and ARC Group Worldwide, Inc.
). While Comtech Telecommunications and InterDigital sport a Zacks Rank #1 (Strong Buy), ARC Group has the same Zacks Rank as Aruba Networks.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportARUBA NETWORKS (ARUN): Free Stock Analysis ReportCOMTECH TELECOM (CMTL): Free Stock Analysis ReportINTERDIGITL INC (IDCC): Free Stock Analysis ReportARC GROUP WORLD (ARCW): Get Free ReportTo read this article on Zacks.com click here.Zacks Investment Research