Ruckus Wireless Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:RKUS)
Ruckus Wireless (NASDAQ:RKUS) has received a consensus rating of “Buy” from the nineteen brokerages that are currently covering the stock, Analyst Ratings Net reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.69.
Ruckus Wireless (NASDAQ:RKUS) opened at 10.37 on Wednesday. Ruckus Wireless has a 52 week low of $8.65 and a 52 week high of $18.58. The stock’s 50-day moving average is $10.09 and its 200-day moving average is $12.66. The company has a market cap of $850.9 million and a P/E ratio of 518.50.
Ruckus Wireless (NASDAQ:RKUS) last announced its earnings results 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.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Ruckus Wireless in a research note on Wednesday. They set an “outperform” rating and a $13.00 price target on the stock. Separately, 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. Finally, 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.
In other Ruckus Wireless news, VP Denis Maynard sold 25,959 shares of Ruckus Wireless stock on the open market in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $9.45, for a total value of $245,312.55. Following the completion of the transaction, the vice president now directly owns 31,500 shares of the company’s stock, valued at approximately $297,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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