Ruckus Wireless VP Sells $49,320 in Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Scott Maples unloaded 3,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $16.44, for a total transaction of $49,320.00. Following the completion of the sale, the vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $164,400. The transaction was disclosed in a legal filing with the SEC, 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 in a research note to investors on Friday, August 16th. Analysts at Needham & Company raised their price target on shares of Ruckus Wireless 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.50.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded down 1.35% during mid-day trading on Wednesday, hitting $16.05. The stock had a trading volume of 1,155,900 shares. Ruckus Wireless has a 52 week low of $10.24 and a 52 week high of $26.50. The stock’s 50-day moving average is $15.76 and its 200-day moving average is $14.99. The company has a market cap of $1.242 billion and a price-to-earnings ratio of 285.44.
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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