Kished again:
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William S.A. Kish Sells 20,000 Shares of Ruckus Wireless Stock (RKUS)
January 8th, 2015 - 0 comments - Filed Under - by Jamal Genner
Ruckus Wireless logoRuckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish sold 20,000 shares of Ruckus Wireless stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $10.48, for a total transaction of $209,600.00. Following the completion of the sale, the chief technology officer now directly owns 530,489 shares of the company’s stock, valued at approximately $5,559,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ruckus Wireless (NASDAQ:RKUS) opened at 10.39 on Thursday. Ruckus Wireless has a 52 week low of $8.65 and a 52 week high of $15.50. The stock has a 50-day moving average of $11.59 and a 200-day moving average of $12.4. The company has a market cap of $874.6 million and a price-to-earnings ratio of 148.43.
Ruckus Wireless (NASDAQ:RKUS) last released its earnings data on Monday, November 3rd. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.03. The company had revenue of $85.00 million for the quarter, compared to the consensus estimate of $85.30 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Analysts expect that Ruckus Wireless will post $0.44 EPS for the current fiscal year.
RKUS has been the subject of a number of recent research reports. Analysts at Oppenheimer set a $16.00 price target on shares of Ruckus Wireless in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at OTR Global downgraded shares of Ruckus Wireless to a “positive” rating in a research note on Monday, December 22nd. Finally, analysts at RBC Capital initiated coverage on shares of Ruckus Wireless in a research note on Thursday, November 6th. They set an “outperform” rating and a $17.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.18.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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RKUS
