Aruba Networks

Hudson Securities is increasing its estimates on shares of Aruba Networks (NASDAQ: ARUN). “FY11 revenue increases to $361MM (up 35% Y/Y) from $350MM. EPS rises by a few pennies to $0.54 from $0.50,” Hudson Securities writes. “F12 estimates increase to $440MM/$0.63 from $430MM/$0.60.” Hudson...

Goldman Sachs has increased its EPS estimates on Aruba Networks (NASDAQ: ARUN) following another strong quarter from ARUN. In F1Q Aruba reported sales/non-GAAP EPS at $83.1 mn/$0.12 vs. GS at $80.7 mn/$0.11 and the Street at $81.0 mn/$0.11. It guided F2Q sales of $86-88 mn, above GS/Street at $84.8...

RBC Capital Mkts: Increases its price target on Potash (NYSE: POT) to $170 from $150. Increases its price target on Joy Global (NASDAQ: JOYG) to $88 from $77. Increases its price target on Caterpillar (NYSE: CAT) to $98 from $92. Increases its price target on Aruba networks (NASDAQ: ARUN) to $24...

Goldman Sachs is expecting Aruba Networks, Inc. (NASDAQ: ARUN) to be inline or better F1Q results "with our/ Street's sales/non-GAAP EPS est. of $80.7 mn/ $0.11." As a result, it is raising its PT moves to $24 from $22 on higher EV/sales of 5.3X (prior 4.7X) as a result of higher multiples for its...