Ruckus Wireless CTO Unloads $1,554,255 in Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish unloaded 103,617 shares of the stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,554,255.00. Following the completion of the sale, the chief technology officer now directly owns 2,141,383 shares in the company, valued at approximately $32,120,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ruckus Wireless (NASDAQ:RKUS) traded down 0.40% on Friday, hitting $14.83. The stock had a trading volume of 448,707 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 $13.65 and a 200-day moving average of $14.55. The company has a market cap of $1.171 billion and a price-to-earnings ratio of 480.32.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data on Wednesday, October 30th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $68.90 million for the quarter, compared to the consensus estimate of $67.81 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Ruckus Wireless will post $0.18 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wedbush initiated coverage on shares of Ruckus Wireless in a research note to investors on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Ruckus Wireless in a research note to investors on Friday, December 20th. They set a “market perform” rating on the stock. Finally, analysts at Craig Hallum initiated coverage on shares of Ruckus Wireless in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.14.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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