Ruckus Wireless (RKUS)

[chmcnfunds]

Analyst Sees 4 Top Enterprise Technology Stocks as Q4 Sales Winners
By Lee Jackson January 15, 2015 10:20 am EST


The disappointing retail sales numbers for December have put a huge damper on what was already a teetering market. While retail may be a touch slower than expected, value-added-reseller (VAR) for the fourth quarter is showing that some of the top enterprise tech companies may have had a very solid selling period. A new report from the analysts at Stifel focuses on stocks that may see price movement as a result.


The Stifel survey of resellers is a very thorough examination of sales and trends for the fourth quarter. With year-end buying and other factors moving the needle, a majority of the VAR’s are expecting an overall 10% uptick in sales.

Here are five stocks rated Buy at Stifel that may be beneficiaries of the strong fourth-quarter sales.

(other stock info omitted)

Ruckus Wireless Inc. (NYSE: RKUS) is a global supplier of advanced wireless systems for the rapidly expanding mobile Internet infrastructure market. The company offers a wide range of indoor and outdoor “Smart Wi-Fi” products to mobile carriers, broadband service providers and corporate enterprises, and it has over 44,000 end-customers worldwide. Ruckus technology addresses Wi-Fi capacity and coverage challenges caused by the ever-increasing amount of traffic on wireless networks due to accelerated adoption of mobile devices such as smartphones and tablets. The Stifel team sees an expansion in Wi-Fi and increased purchasing of Wi-Fi equipment in 2015.

Stifel has a big $17 price target, and the consensus price target is $15.75. The stock closed Wednesday at $9.41 a share.

Read more: Top Enterprise Technology Stocks Benefiting From Q4 Sales Include Infinera (NASDAQ: INFN), Ruckus Wireless (NYSE: RKUS) - 24/7 Wall St. http://247wallst.com/technology-3/2015/01/15/analyst-sees-4-top-enterprise-technology-stocks-as-q4-sales-winners/#ixzz3OuS5gdSS
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http://247wallst.com/technology-3/2015/01/15/analyst-sees-4-top-enterprise-technology-stocks-as-q4-sales-winners/

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