Ruckus Wireless CEO Selina Lo Sells 19,800 Shares (RKUS)
Ruckus Wireless (NASDAQ:RKUS) CEO Selina Lo unloaded 19,800 shares of Ruckus Wireless stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $16.40, for a total transaction of $324,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on RKUS shares. Analysts at William Blair reiterated an “outperform” rating on shares of Ruckus Wireless (NASDAQ:RKUS) in a research note to investors on Friday, August 16th. Separately, analysts at Needham & Company raised their price target on shares of Ruckus Wireless (NASDAQ:RKUS) from $16.00 to $17.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of Ruckus Wireless (NASDAQ:RKUS) in a research note to investors on Monday, July 1st. They set an “overweight” rating and a $17.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ruckus Wireless currently has an average rating of “Buy” and a consensus target price of $18.50.
Ruckus Wireless (NASDAQ:RKUS) traded down 1.86% during mid-day trading on Monday, hitting $16.35. 1,028,080 shares of the company’s stock traded hands. Ruckus Wireless has a one year low of $10.24 and a one year high of $26.50. The stock’s 50-day moving average is $14.42 and its 200-day moving average is $15.78. The company has a market cap of $1.265 billion and a price-to-earnings ratio of 292.28.
Ruckus Wireless (NASDAQ:RKUS) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $63.90 million for the quarter, compared to the consensus estimate of $62.00 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. Analysts expect that Ruckus Wireless will post $0.18 EPS for the current fiscal year.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.