Aruba Networks (Nasdaq: ARUN) is expected to report Q4 earnings on Aug. 23. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Aruba Networks's revenues will increase 20.3% and EPS will decrease -5.9%.

The average estimate for revenue is $136.9 million. On the bottom line, the average EPS estimate is $0.16.

Revenue details
 Last quarter, Aruba Networks booked revenue of $131.9 million. GAAP reported sales were 25% higher than the prior-year quarter's $105.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.16. GAAP EPS of $0.05 for Q3 were 67% higher than the prior-year quarter's $0.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 70.0%, 230 basis points better than the prior-year quarter. Operating margin was 2.5%, 480 basis points better than the prior-year quarter. Net margin was 4.6%, 160 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $514.4 million. The average EPS estimate is $0.63.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 291 members out of 317 rating the stock outperform, and 26 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Aruba Networks a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aruba Networks is outperform, with an average price target of $26.28.

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