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Ruckus Wireless Inc (NASDAQ:RKUS) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.09-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.09,AnalystRatings.Net reports. The company issued revenue guidance of $98-101 million, compared to the consensus revenue estimate of $98.38 million.
Several equities analysts have recently commented on the company. Oppenheimer reaffirmed an outperform rating and issued a $15.00 target price on shares of Ruckus Wireless in a research report on Wednesday, December 9th. RBC Capital reissued an outperform rating and set a $12.00 target price on shares of Ruckus Wireless in a report on Tuesday, March 15th. Deutsche Bank decreased their price target on shares of Ruckus Wireless from $11.00 to $9.00 and set a hold rating on the stock in a research note on Tuesday, February 9th. SunTrust lowered shares of Ruckus Wireless from a buy rating to a neutral rating and lowered their price target for the stock from $14.00 to $8.50 in a research report on Wednesday, February 10th. Finally, Piper Jaffray dropped their price objective on shares of Ruckus Wireless from $12.00 to $10.00 and set a neutral rating for the company in a research note on Wednesday, February 10th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Ruckus Wireless presently has an average rating of Buy and a consensus target price of $11.96.
Shares of Ruckus Wireless Inc (NASDAQ:RKUS) opened at 10.00 on Monday. The stock has a market capitalization of $897.22 million and a P/E ratio of 200.00. The company’s 50 day moving average price is $9.68 and its 200-day moving average price is $10.57. Ruckus Wireless Inc has a 12 month low of $7.25 and a 12 month high of $13.50.
Ruckus Wireless (NASDAQ:RKUS) last issued its earnings results on Tuesday, February 9th. The company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. The company had revenue of $100.10 million for the quarter, compared to analysts’ expectations of $101.87 million. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Equities analysts predict that Ruckus Wireless Inc will post $0.55 earnings per share for the current year.
In other Ruckus Wireless news, CFO Seamus Hennessy sold 4,200 shares of the firm’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $9.57, for a total transaction of $40,194.00. Following the transaction, the chief financial officer now owns 118,458 shares of the company’s stock, valued at approximately $1,133,643.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Selina Y. Lo sold 83,400 shares of the firm’s stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $9.44, for a total transaction of $787,296.00. The disclosure for this sale can be found here.
Ruckus Wireless, Inc is a global supplier of carrier-class wireless fidelity (NASDAQ:RKUS) solutions. The Company’s Smart Wi-Fi solutions are used by service providers and enterprises to solve a range of network capacity, coverage and challenges associated with wireless traffic demands created by the growth in the number of users equipped with smart wireless devices using data rich applications and services.
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Broad Street Alerts has not been compensated for the mention of _RKUS__ and we do not hold any positions.