Editor’s Note: Related Tickers: Aruba Networks, Inc. (NASDAQ:ARUN), UniPixel Inc (NASDAQ:UNXL), Cisco Systems, Inc. (NASDAQ:CSCO)
Ahead of the Bell: Aruba Networks stock drops (Businessweek)
The wireless communications company on Thursday had reported a fiscal third-quarter loss, said it was disappointed with its results and cautious about trends in technology spending.
Earlier this month, Aruba Networks, Inc. (NASDAQ:ARUN) had said customers were delaying orders because of the weak economy. And there’s another problem: Cisco Systems, Inc. (NASDAQ:CSCO)’s shift into Aruba’s wireless market will likely continue, said Aruba CEO Dominic Orr on a conference call Thursday. In premarket trading Friday, Aruba Networks Inc.Aruba Networks, Inc. (NASDAQ:ARUN) shares fell $3.61, or 21 percent, to $14. The stock has dropped 15 percent in 2013.
The stock has been consolidating in the last 3 weeks, and the potential for this company remains huge. UniPixel Inc (NASDAQ:UNXL) has a very exciting niche and I believe new highs are around the corner. The last earnings report showed that the company can turn the corner and start producing big rewards to their investors. Revenues for the quarter totaled a record of $5.1m, this primarily being a result of an engineering payment. The company has around $60m in cash and $0 debt as of March 31st, 2013. Progress has been noted as well. The company has been engaged in qualifying their global touch module supply chain for OEMs and ODMs. The signing of the PC licensee was a big milestone.
Aruba buys Meridian Apps, eyes ‘indoor GPS’ services (ZDNet)
Aruba Networks on Thursday acquired Meridian Apps, a privately held company, that offers indoor location based services. With the move, Aruba Networks, Inc. (NASDAQ:ARUN) is looking to combine its enterprise Wi-Fi technology with Meridian’s location services to provide context about users and devices. The aim is to create an “indoor GPS” system to enable applications inside of malls, casinos, arenas and museums. The idea is that companies will be able to better deliver contextual ads, directions and various pitches.
Technical Bull Stock Alert: UniPixel Inc (UNXL), Target 47 (SBWire)
The online StockConsultant latest screen has found provider of color display technology UniPixel Inc (NASDAQ:UNXL) stock with an 85% bullish report and breakout watch above 38.22 to new highs. UniPixel Inc (NASDAQ:UNXL) stock price is up 2.6% to 36.1 and is sitting on strong double resistance formed over the past two weeks. The stock has an 85% bullish overall report, excellent upside trade quality and is under a breakout watch above 38.22 with a target of 47.01 for a 30.2% gain.
Aruba Networks to Present at the Barclays Global Technology, Media and Telecommunications Conference (MarketWatch)
Aruba Networks, Inc. (NASDAQ:ARUN) today announced that management will present to the investment community at the Barclays Global Technology, Media and Telecommunications Conference held in New York City. The presentation will be conducted at 2:55 p.m. ET on Wednesday, May 22, 2013. Interested parties may listen to a live webcast of the presentation on the “Investor Relations” section of the company’s website at http://www.arubanetworks.com
