Jefferies Reiterates Aruba Rating; PT Remains At $25

In a report released this morning, Jefferies & Company said that Aruba Networks, Inc. (NASDAQ: ARUN) is well-positioned in the Wireless LAN market and is gaining share across industry verticals due to higher adoption of 802.11n technology.

“We like Aruba's initiatives to displace fixed ports with WLAN and to provide new remote access solutions based on user-centric security. Reiterate Buy and $25 PT,” Jefferies writes.

Aruba Networks currently trades at $21.24.