Ruckus Wireless VP Denis Maynard Unloads 12,000 Shares (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Denis Maynard unloaded 12,000 shares of Ruckus Wireless stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $12.00, for a total value of $144,000.00. Following the sale, the vice president now directly owns 31,500 shares of the company’s stock, valued at approximately $378,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RKUS. Analysts at Wells Fargo & Co. initiated coverage on shares of Ruckus Wireless in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of Ruckus Wireless in a research note on Thursday, June 19th. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Ruckus Wireless in a research note on Wednesday, May 28th. They set an “outperform” rating and a $13.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Ruckus Wireless presently has an average rating of “Buy” and a consensus target price of $14.64.
Ruckus Wireless (NASDAQ:RKUS) traded down 0.70% on Wednesday, hitting $11.42. 799,368 shares of the company’s stock traded hands. 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 $10.4 and a 200-day moving average of $12.37. The company has a market cap of $937.0 million and a P/E ratio of 575.00.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data on Wednesday, April 30th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Ruckus Wireless will post $0.22 earnings per share for the current fiscal year.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.