|Daily Range||$11.21 - $11.50|
|52-Week Range||$9.11 - $13.50|
|Dividend (Yield)||$0.00 (0.0%)|
|Average Daily Volume||1,595,528|
|Current FY EPS||$0.16|
Ruckus Wireless (RKUS) Description
Ruckus Wireless, Inc. Website: http://www.ruckuswireless.com/
Revenue and cash from operations barely budge as fewer pay up for the company's enterprise technology. Investors sent the stock up right after the quarterly report.
Top-line revenue gains fail to hit the bottom line as weak guidance spooks investors. Promising partnerships and a low-end offering suggest a fix is in the works, but the terms need to be right.
Decent third-quarter results and continued strong growth in fourth-quarter guidance figures couldn't overcome investor nerves regarding the health of Ruckus' Asian markets.