Ruckus Wireless VP Unloads $338,009 in Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Steven A. Martin sold 28,144 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.01, for a total value of $338,009.44. Following the sale, the vice president now directly owns 10,715 shares in the company, valued at approximately $128,687. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded down 0.75% on Thursday, hitting $11.89. The stock had a trading volume of 590,991 shares. Ruckus Wireless has a one year low of $8.65 and a one year high of $18.58. The stock has a 50-day moving average of $10.79 and a 200-day moving average of $12.33. The company has a market cap of $975.6 million and a P/E ratio of 599.00.
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. 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, June 24th. 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.64.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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