Morgan Keegan Initiates Coverage On Aruba Networks With Outperform Rating

According to Morgan Keegan, Aruba Networks (NASDAQ: ARUN) coverage is initiated with an Outperform rating.

Morgan Keegan said that an increasing reliance on a distributed workforce and the evolving complexity of managing diverse users and devices should drive accelerating interest and growth in the market for Wireless Local Area Network (WLAN) infrastructure solutions, in our opinion. “Based on the company's current valuation, we are initiating coverage with an Outperform / Speculative risk rating and a Target Price of $35.00.”

Aruba Networks closed yesterday at $24.01.