Aruba Networks (Nasdaq: ARUN ) is expected to report Q3 earnings around May 16. 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 10.3% and EPS will shrink -25.0%.
The average estimate for revenue is $145.4 million. On the bottom line, the average EPS estimate is $0.12.
Last quarter, Aruba Networks booked revenue of $155.4 million. GAAP reported sales were 23% higher than the prior-year quarter's $126.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.22. GAAP EPS were $0.04 for Q2 compared to -$0.11 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 71.3%, 60 basis points worse than the prior-year quarter. Operating margin was 4.0%, 360 basis points better than the prior-year quarter. Net margin was 3.2%, much better than the prior-year quarter.
The full year's average estimate for revenue is $599.1 million. The average EPS estimate is $0.69.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 283 members out of 312 rating the stock outperform, and 29 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Aruba Networks a green thumbs-up, and nine 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 $23.76.
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