Ruckus Wireless VP Unloads $546,000 in Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Barton M. Burstein unloaded 37,500 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $14.56, for a total value of $546,000.00. Following the transaction, the vice president now directly owns 22,500 shares in the company, valued at approximately $327,600. The transaction 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 Wedbush initiated coverage on shares of Ruckus Wireless in a research note to investors on Tuesday, January 7th. 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 investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.14.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded down 1.11% on Monday, hitting $13.36. 846,199 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. and its 200-day moving average is $14.70. The company has a market cap of $1.055 billion and a price-to-earnings ratio of 435.81.
Ruckus Wireless (NASDAQ:RKUS) last announced its earnings results 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. 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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