Ruckus Wireless CTO William S.A. Kish Unloads 150,000 Shares (RKUS)
Ruckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $12.05, for a total value of $1,807,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,529,721 shares of the company’s stock, valued at approximately $18,433,138. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded down 1.28% on Monday, hitting $12.34. The stock had a trading volume of 1,088,848 shares. Ruckus Wireless has a one year low of $8.65 and a one year high of $18.58. The stock’s 50-day moving average is $11.51 and its 200-day moving average is $11.99. The company has a market cap of $1.013 billion and a P/E ratio of 625.00.
Ruckus Wireless (NASDAQ:RKUS) last announced its earnings results 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.
RKUS has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Ruckus Wireless from a “buy” rating to a “conviction-buy” rating in a research note on Thursday. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.23.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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