Ruckus Wireless (RKUS) to Release Quarterly Earnings on Wednesday
Ruckus Wireless (NASDAQ:RKUS) is scheduled to be issuing its Q114 quarterly earnings data on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $72.21 million for the quarter. Ruckus Wireless has set its Q1 guidance at $0.03-0.04 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Ruckus Wireless (NASDAQ:RKUS) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $71.00 million for the quarter, compared to the consensus estimate of $72.50 million. During the same quarter last year, the company posted $0.07 earnings per share. Ruckus Wireless’s revenue was up 17.4% compared to the same quarter last year. On average, analysts expect Ruckus Wireless to post $0.22 EPS for the current fiscal year and $0.35 EPS for the next fiscal year.
Shares of Ruckus Wireless (NASDAQ:RKUS) opened at 10.27 on Tuesday. Ruckus Wireless has a 1-year low of $9.61 and a 1-year high of $19.85. The stock has a 50-day moving average of $11.82 and a 200-day moving average of $13.62. The company has a market cap of $834.5 million and a price-to-earnings ratio of 516.00.
A number of analysts have recently weighed in on RKUS shares. Analysts at Piper Jaffray initiated coverage on shares of Ruckus Wireless in a research note on Tuesday, April 22nd. They set an “overweight” rating and a $14.00 price target on the stock. On a related note, analysts at TheStreet downgraded shares of Ruckus Wireless from a “hold” rating to a “sell” rating in a research note on Tuesday, April 15th. Finally, analysts at Northland Capital Partners initiated coverage on shares of Ruckus Wireless in a research note on Friday, April 4th. They set a “market perform” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $15.67.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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