Add ARUN To Your List Of Stocks To Watch
September 30th, 2010 by Money Manager
I want everyone to add ARUN to their list of stocks to watch. I try to add only the best best stock picks to my list. ARUN has been ripping lately and we think there is more to come over the next few weeks. If you look at the daily chart it is going straight up.
The 52 week high on the stock is 22.18 and the all time high is 23.85. I think this will break the all time high and the 52 week high very soon. The Aruba Networks Inc. is simply on fire as of right now. Day traders and swing traders alike can look to make money on this trade.
Aruba Networks, Inc. provides an enterprise mobility solution that enables secure access to data, voice, and video applications across wireless and wireline enterprise networks in the United States and internationally. It licenses and sells ArubaOS, a modular and flexible operating system that forms the core of its user-centric network architecture and network, security, application, and RF management services to give network managers a centralized point-of-control over the access points, mobile users, and mobile devices; and additional software modules for ArubaOS, which include policy enforcement firewall, wireless intrusion protection, Remote AP, VPN server, external services interface, Wireless Mesh, and xSec. The company also provides Aruba Mobility Management System that automatically discovers, monitors, and manages mobility controllers, access points, and users simultaneously from a single console; and mobility controllers that aggregates network traffic from access points, process it using its software controls, and delivers it to the network primarily for offices, retail stores, and campuses; and wireless access points and wired access concentrators, which serve as on-ramps that aggregate user traffic onto the enterprise network and direct traffic to mobility controllers. Its wireless access points provide network access and security monitoring services for wireless networks; and wired access concentrators are designed for use in conference rooms, auditoriums, public areas, and home applications. The company serves finance, retail, hospitality, technology, manufacturing, media, healthcare, education, utilities, telecom, government, transportation, engineering, and construction industries. Aruba Networks sells its products through value added resellers, distributors, and original equipment manufacturers. Aruba Networks was founded in 2002 and is headquartered in Sunnyvale, California.
Companies in the Computer Peripherals industry are as varied as the products they sell. While some sell remote access point equipment, others are involved in computer and LCD display components. Companies well positioned in the industry are posting strong quarterly results, as technology continues to march forward. As computer sales have recently cooled down, the number of devices utilizing LCD screens has increased. With the recent global boom in smart phones and new tablet devices out on the market, the demand for high-tech screens has jumped.
What surprises me the most about this market lately is how strong the action has been in some small groups. The cloud computer names, for example, with Salesforce.com, VMware, F5 Networks and Riverbed Technology are very hot. There is a group including Isilon Systems, NetApp and Compellent Technologies that has been doing well on sympathy with Hewlett-Packard’s takeover of 3Par. Then there are just are a variety of other names, mostly technology related, with very strong parabolic moves, including Aruba Networks, Radcom, Craft Brewers Alliance, Molycorp, Rare Element Resources, JinkoSolar Holding and Acme Packet. If you just looked at these pockets of momentum you would think this market should be close to challenging its highs from way back in April, but we aren’t even close to those levels. What that is telling us is that the hot momentum money is very active and trying to find…
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