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Ruckus Wireless (NASDAQ:RKUS) has earned a consensus recommendation of “Buy” from the twenty-one analysts that are presently covering the stock, Stock Ratings Network.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.13.

Shares of Ruckus Wireless (NASDAQ:RKUS) opened at 13.73 on Monday. 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 $12.26 and a 200-day moving average of $11.87. The company has a market cap of $1.136 billion and a price-to-earnings ratio of 451.33.

Ruckus Wireless (NASDAQ:RKUS) last released its 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.

Several analysts have recently commented on the stock. 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.

In other Ruckus Wireless news, CTO William S.A. Kish sold 150,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $12.82, for a total transaction of $1,923,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.

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