Aruba Networks (ARUN -7.3%) makes new 52-week lows after posting in-line FQ3 results and guiding on its earnings call for FQ4 revenue of $136M-$138M and EPS of $0.16-$0.17 (consensus is at $138.9M and $0.17. Fellow Wi-Fi equipment vendors Ubiquiti Networks (UBNT -7.6%) and NetGear (NTGR -4.1%) are also getting hit. Auriga (Buy) notes weak Euro demand is having an impact - archrival Cisco (CSCO) reported the same, but its wireless sales were also healthy.
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