Ruckus Wireless VP Denis Maynard Unloads 12,000 Shares (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Denis Maynard sold 12,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $12.64, for a total transaction of $151,680.00. Following the transaction, the vice president now directly owns 31,500 shares of the company’s stock, valued at approximately $398,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RKUS. Analysts at Piper Jaffray raised their price target on shares of Ruckus Wireless from $14.00 to $17.00 in a research note on Thursday, July 31st. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Ruckus Wireless from $13.00 to $17.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Craig Hallum reiterated a “buy” rating on shares of Ruckus Wireless in a research note on Thursday, July 31st. They now have a $20.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Ruckus Wireless has an average rating of “Buy” and an average price target of $15.13.
Ruckus Wireless (NASDAQ:RKUS) traded up 0.48% on Tuesday, hitting $12.52. The stock had a trading volume of 959,361 shares. 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 $11.75 and a 200-day moving average of $11.92. The company has a market cap of $1.036 billion and a price-to-earnings ratio of 415.33.
Ruckus Wireless (NASDAQ:RKUS) last posted its quarterly earnings results 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. On average, analysts predict that Ruckus Wireless will post $0.39 earnings per share for the current fiscal year.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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