Volume Spike Investor

Aruba Networks, Inc. (NASDAQ: ARUN) is a screamer in price this morning, although it is a bit surprising with the strength of the bull market that the volume is still a bit lighter than this pricing would indicate for a low-priced stock. The wireless networking technology player beat sales for its fiscal fourth quarter and gave strong guidance ahead. Sales increased over 10% to $53.3 million versus $49 million expected by Thomson Reuters. Earnings were $0.03 EPS vs. $0.02 estimates. This stock closed at $8.14 yesterday and its previous 52-week high was $9.28. In the after-hours session we saw active trading on over 64,000 shares to $9.15. This morning as of 8:237 AM EST we have seen only about 29,000 shares trade and the last print was up 16.7% from the close at $9.50. If these hold, this is a 52-week high. Average volume her is around 1.2 million shares. JON OGG