Insider Selling: William S.A. Kish Unloads 1,000 Shares of Ruckus Wireless Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish sold 1,000 shares of Ruckus Wireless stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $14.02, for a total value of $14,020.00. Following the completion of the transaction, the chief technology officer now directly owns 2,140,383 shares in the company, valued at approximately $30,008,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ruckus Wireless (NASDAQ:RKUS) traded up 1.12% on Tuesday, hitting $13.51. 629,092 shares of the company’s stock traded hands. 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 $14.1 and its 200-day moving average is $14.70. The company has a market cap of $1.067 billion and a P/E ratio of 430.97.
Ruckus Wireless (NASDAQ:RKUS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue 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.
A number of research firms have recently commented on RKUS. 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Ruckus Wireless has a consensus rating of “Buy” and a consensus price target of $18.14.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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