Ruckus Wireless Price Target Increased to $20.00 by Analysts at Craig Hallum (RKUS)
Stock analysts at Craig Hallum upped their price target on shares of Ruckus Wireless (NASDAQ:RKUS) to $20.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 54.32% from the stock’s previous close.
In other Ruckus Wireless news, CTO William S.A. Kish sold 150,000 shares of the company’s stock on the open market in a transaction dated Thursday, July 24th. The stock was sold at an average price of $12.05, for a total value of $1,807,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Ruckus Wireless (NASDAQ:RKUS) opened at 13.315 on Thursday. 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 $11.64 and a 200-day moving average of $11.98. The company has a market cap of $1.093 billion and a price-to-earnings ratio of 648.00.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.06. The company had revenue of $81.00 million for the quarter, compared to the consensus estimate of $79.40 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 26.8% on a year-over-year basis. Analysts expect that Ruckus Wireless will post $0.22 EPS for the current fiscal year.
A number of other firms have also recently commented on RKUS. Analysts at Pacific Crest initiated coverage on shares of Ruckus Wireless in a research note on Wednesday. They set an “outperform” rating and a $15.00 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Ruckus Wireless from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, July 24th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.67.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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