Ruckus Wireless CTO William S.A. Kish Unloads 150,000 Shares (RKUS)
Ruckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish unloaded 150,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $16.71, for a total transaction of $2,506,500.00. Following the sale, the chief technology officer now directly owns 2,410,000 shares of the company’s stock, valued at approximately $40,271,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RKUS. 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ruckus Wireless presently has an average rating of “Buy” and an average price target of $18.50.
Ruckus Wireless (NASDAQ:RKUS) traded down 2.04% on Tuesday, hitting $16.31. The stock had a trading volume of 1,376,001 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 $14.90 and a 200-day moving average of $15.5. The company has a market cap of $1.262 billion and a price-to-earnings ratio of 292.11.
Ruckus Wireless (NASDAQ:RKUS) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.30 earnings per share. Ruckus Wireless’s revenue was up 30.9% compared to the same quarter last year. 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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