Aruba Network Shares Worsen
April 11, 2008
A drop of about 12% of the shares that have lost their value in the first place, Aruba Network shares, as analysts evaluated, have worsened since Thursday, leaving the company without any meaningful way to be competitive despite a recent profit warning.
Shares in the Sunnyvale company increased from fifty-four cents to $ 5.23 US dollars, during the last part of March.
At the beginning of April, weak sales were responsible for a lowered earning forecasts, and even with the remaining weeks in the fiscal year for Aruba, it is not expected that there will be much change or stronger sales to compensate.
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