Aruba Networks Inc. (ARUN) COO Hitesh Sheth sells 50,000 Shares

COO of Aruba Networks Inc. (ARUN, Financial) Hitesh Sheth sells 50,000 shares of ARUN on 12/03/2009 at an average price of $8.43 a share.

Aruba Networks, Inc. deliver the enterprise network to users, wherever they work or roam using a combination of solutions. Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, and Asia Pacific regions. The Company's product include ArubaOS operating system, optional value-added software modules, a centralized and vendor neutral mobility management system, high-performance programmable mobility controllers, wired and wireless access points, wireless intrusion detection tools, spectrum analyzers, and endpoint compliance solutions. The Company operates in one industry segment selling fixed and modular mobility controllers, wired and wireless access points, and related software and services. Aruba Networks Inc. has a market cap of $741.1 million; its shares were traded at around $8.41 with and P/S ratio of 3.6.

ARUN is in the portfolios of Bruce Kovner of Caxton Associates.

Insiders' Positions with ARUN

  • Sell:: CFO Steffan Tomlinson sold 50,000 shares of ARUN stock on 11/23/2009 at the average price of 8.96, the price of the stock has decreased by 6.14% since

  • Sell:: CFO Steffan Tomlinson sold 50,000 shares of ARUN stock on 08/31/2009 at the average price of 9.11, the price of the stock has decreased by 7.68% since