Ruckus Wireless CTO Unloads $467,600 in Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish unloaded 40,000 shares of the stock on the open market in a transaction dated Thursday, June 26th. The shares were sold at an average price of $11.69, for a total value of $467,600.00. Following the completion of the sale, the chief technology officer now directly owns 1,829,721 shares of the company’s stock, valued at approximately $21,389,438. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded up 2.98% on Thursday, hitting $11.76. The stock had a trading volume of 1,145,761 shares. Ruckus Wireless has a 1-year low of $8.65 and a 1-year high of $18.58. The stock’s 50-day moving average is $10.4 and its 200-day moving average is $12.37. The company has a market cap of $964.9 million and a price-to-earnings ratio of 571.00.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data on Wednesday, April 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 $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.
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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $14.64.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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