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Ruckus Wireless Inc
Ruckus Wireless, Inc., incorporated on February 25, 2004, is a provider of wireless networking technology. The Company offers a range of indoor and outdoor wireless access points (APs), which are used by service providers and enterprises to provide public Wi-Fi services and to optimize their wireless networks. Ruckus Wireless serves service providers, enterprises, and small and medium businesses.
The company was founded in 2002 and completed its initial public offering (IPO) on May 2, 2012, raising $107.5 million. It listed on the New York Stock Exchange (NYSE) with the ticker symbol "RKUS." Ruckus Wireless was acquired by Brocade Communications Systems in 2016.
In terms of financials, Ruckus Wireless, Inc. reported revenue of $327.9 million in 2015, a 15% increase over the previous year. The company's net income was reported as $134.7 million in 2015.
According to the Yahoo Finance website, the stock's 50-day moving average price is $13.46, and its 200-day moving average price is $12.28. Its 52-week low is $8.31 and 52-week high is $16.05. As of March 10th, Ruckus Wireless has a market capitalization of $1.37B, with an average volume of 512,558 shares.
The growth and earnings of Ruckus Wireless, Inc. have been mixed. Its revenue growth rate has been inconsistent, and its earnings per share (EPS) have fluctuated. The company's gross margin has consistently been above 70%, which is considered high. In 2015, Ruckus Wireless had a return on equity of 18.5% and a profit margin of 20.36%.
Industry analysts have rated the stock as a "hold" or "buy." The company's revenue growth, earnings growth, and valuation multiples have been factored into these assessments. However, as the technology industry is constantly changing, investors should conduct their own research and monitor news about Ruckus Wireless to determine if it is a good time to buy or sell the stock.
In summary, Ruckus Wireless, Inc. is a publicly traded wireless networking technology company listed on the New York Stock Exchange (NYSE) under the ticker symbol "RKUS." The company's revenue and net income have increased year over year, with a high gross margin. Industry analysts have rated the stock as a "hold" or "buy," but investors should constantly monitor the company's performance and news before making investment decisions.