Ruckus Wireless VP Barton Burstein Sells 150,000 Shares (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Barton Burstein unloaded 150,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $16.49, for a total value of $2,473,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.50.
Ruckus Wireless (NASDAQ:RKUS) traded up 3.98% on Wednesday, hitting $17.26. The stock had a trading volume of 1,661,505 shares. Ruckus Wireless has a 52 week low of $10.24 and a 52 week high of $26.50. The stock has a 50-day moving average of $14. and a 200-day moving average of $15.64. The company has a market cap of $1.335 billion and a price-to-earnings ratio of 291.23.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data 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.
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