Ruckus Wireless VP Sells $245,313 in Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Denis Maynard sold 25,959 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $9.45, for a total transaction of $245,312.55. Following the sale, the vice president now directly owns 31,500 shares in the company, valued at approximately $297,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded up 6.33% on Friday, hitting $10.42. The stock had a trading volume of 4,045,892 shares. Ruckus Wireless has a 52 week low of $8.65 and a 52 week high of $18.58. The stock has a 50-day moving average of $10.16 and a 200-day moving average of $12.73. The company has a market cap of $855.0 million and a price-to-earnings ratio of 490.00.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data on Wednesday, April 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 $75.10 million for the quarter, compared to the consensus estimate of $72.21 million. Analysts expect that Ruckus Wireless will post $0.21 EPS for the current fiscal year.
RKUS has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ruckus Wireless in a research note on Thursday, May 1st. They now have a $13.00 price target on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Ruckus Wireless from $18.00 to $16.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of Ruckus Wireless from $17.00 to $15.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Ruckus Wireless presently has a consensus rating of “Buy” and a consensus price target of $14.83.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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