Aruba Networks Inc. (ARUN) reported third quarter non-GAAP net income of $0.11 per share after the bell Thursday, down from $0.16 in the previous year. The consensus estimate was for EPS of $0.15.
Aruba Networks gapped open sharply lower Friday and is now down 4.93 at $12.68 on strong volume. The stock is now testing support near the lows of the year, trading at over a 9-month low.
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