Aruba Networks (Nasdaq: ARUN) is expected to report Q1 earnings on Nov. 15. 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 grow 19.4% and EPS will grow 21.4%.

The average estimate for revenue is $142.5 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
 Last quarter, Aruba Networks chalked up revenue of $139.2 million. GAAP reported sales were 22% higher than the prior-year quarter's $113.8 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 $0.18. GAAP EPS were -$0.03 for Q4 against $0.57 per share for the prior-year quarter.

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 71.4%, 290 basis points better than the prior-year quarter. Operating margin was 3.9%, 350 basis points better than the prior-year quarter. Net margin was -2.2%, 6,210 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $610.8 million. The average EPS estimate is $0.78.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 287 members out of 314 rating the stock outperform, and 27 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Aruba Networks a green thumbs-up, and eight 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 $19.38.

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