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Friday, August 24, 2012

Aruba Networks (ARUN) reported earnings Thur 23 Aug 2012

  • Aruba Networks (ARUN): On March 2, 2015, Hewlett-Packard announced that it would acquire Aruba for $2.7 Bn.  On May 19, 2015, HP completed the acquisition of Aruba Networks for a transaction value of $3 billion. Aruba is now wholly owned by HP and has been combined into the HP Networking business within HP’s Enterprise Group organization.

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     ** charts before earnings **
     

    Aruba Networks swung to a loss in the fiscal fourth-quarter on a year-earlier tax benefit of $72.8 million, though the WiFi-equipment maker posted strong revenue growth. Shares rose 13% to $19.20 in after-hours trading as adjusted earnings and revenue exceeded expectations.

     ** chart after earnings **
     

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