Ruckus Wireless Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:RKUS)
Shares of Ruckus Wireless (NASDAQ:RKUS) have been given an average recommendation of “Buy” by the twenty-one ratings firms that are presently covering the company, AnalystRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.13.
Shares of Ruckus Wireless (NASDAQ:RKUS) traded up 1.01% during mid-day trading on Monday, hitting $12.95. 56,915 shares of the company’s stock traded hands. Ruckus Wireless has a 52 week low of $8.65 and a 52 week high of $18.58. The stock’s 50-day moving average is $12.09 and its 200-day moving average is $11.87. The company has a market cap of $1.071 billion and a P/E ratio of 427.33.
Ruckus Wireless (NASDAQ:RKUS) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. Ruckus Wireless’s revenue was up 26.8% compared to the same quarter last year. On average, analysts predict that Ruckus Wireless will post $0.40 earnings per share for the current fiscal year.
In other Ruckus Wireless news, CTO William S.A. Kish unloaded 150,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $12.82, for a total transaction of $1,923,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
RKUS has been the subject of a number of recent research reports. 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.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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