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Meru Networks is this Week's Bargain Stock

MERU 's Current PPS is $9.05 This Cheap Tech Stock Has Lots of Up Side Potential

Just a quick update on last week’s bargain stock Bank of America (NASDAQ: BAC) It is now trading at over $7 just as predicted and I see the trend to continue upward for the near future.

This week’s tech bargain stock is Meru Networks Inc. NASDAQ:MERU

MERU’s stock is sitting on a near bottomed out chart that looks like it could be making a much needed upward trend from its steady 3 month decline. MERU was trading over $25 per share four months ago. But poor quarter earnings and an unstable market have helped bring MERU down to bargain level it is now trading close to $6 less the IPO of $15 per share.

Meru along with Cisco (NASDAQ: CSCO), and Aruba (NASDAQ:ARUN) is one of the big three wireless solutions providers. MERU is the only one of these providers that is currently trading at lower than $10 per share. With the growing number of devices that are Wi-Fi capable the demand for wireless solutions has never been greater. I believe in the near future that all buildings will be equipped with wireless computing capabilities and that companies like MERU will see a massive increase in clients and profits.  With MERU’s already strong grasp on the wireless solutions market I believe MERU's stock could bounce back in the near future and provide solid gains for investors buying in at this bargain price.

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The above story is the opinion of the author only not an advertisement of any kind. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event will pennystocklocks.com be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision. The author holds no shares of Meru Networks Inc.
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