Aruba Networks is set to report earnings for its 4th fiscal quarter of 2014 after the market closes on Tuesday, August 25. Aruba Networks is a relatively small company which produces and sells wireless networking equipment. Last quarter earnings at Aruba jumped 82% higher while revenues increased by 28% compared to the same quarter of last year.

Financial fundamentals took off at Aruba Networks in the beginning of this calendar year, reversing 4 straight quarters of falling earnings on a year over year basis and accelerating revenue growth from approximately 12% last year to 28%. On Tuesday Aruba Networks will look to ride a wave of recent growth in wireless networking and is expected to benefit from the increasing prevalence of mobile connectivity.

On Tuesday contributing analysts on Estimize are expecting Aruba Networks to report earnings 11 cents (92%) higher than the same quarter of last year. At the same time sales are forecast to increase by $43 million (28%). Bullishness is not just limited to the Estimize community however. The traditional Wall Street consensus from the banks agrees that earnings will likely come in around 23 cents per share while the Street’s revenue estimate is only  $1 million behind the forecast from Estimize.

(Graph from ChartIQ Visual Earnings)

Aruba Networks stock price has been all over the place, but shares have made considerable progress in anticipation of Tuesday’s report. The market has priced in relatively high expectations for the wireless networking company, after the market closes we will see if Aruba can match them.