Meru Networks SVP Larry Vaughan Sells 10,000 Shares (MERU)
Meru Networks (NASDAQ:MERU) SVP Larry Vaughan sold 10,000 shares of Meru Networks stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $3.53, for a total transaction of $35,300.00. Following the completion of the transaction, the senior vice president now directly owns 57,221 shares of the company’s stock, valued at approximately $201,990. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Meru Networks (NASDAQ:MERU) traded down 1.92% on Friday, hitting $3.57. 80,976 shares of the company’s stock traded hands. Meru Networks has a 52-week low of $2.93 and a 52-week high of $4.94. The stock has a 50-day moving average of $3.73 and a 200-day moving average of $3.9. The company’s market cap is $84.2 million.
Meru Networks (NASDAQ:MERU) last posted its quarterly earnings results on Monday, July 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.01. The company had revenue of $23.60 million for the quarter, compared to the consensus estimate of $23.90 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts predict that Meru Networks will post $-0.36 earnings per share for the current fiscal year.
Meru Networks, Inc (NASDAQ:MERU) provides a virtualized wireless local area network (LAN) solution.
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