February 28, 2015 4:13 PM ET

Communications Equipment

Company Overview of Ruckus Wireless, Inc.

Company Overview

Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services. The company offers SmartCell, a line of carrier-grade wireless access and management products that include specialized hardware products, such as SmartCell Gateways and SmartCell Access Points, as well as software solutions comprising virtualized SmartCell Gateway and SmartCell Insight software platforms. It also provides ZoneFlex indoor and outdoor access points, which support various virtual WLANs, Wi-Fi encryption, and advanced traffic handling, as well as point-to-point and multipoint bridges....

350 West Java Drive

Sunnyvale, CA 94089

United States

Founded in 2002

940 Employees

Phone:

650-265-4200

Fax:

408-738-2065

Key Executives for Ruckus Wireless, Inc.

Chief Executive Officer, President, Director and Member of Equity Subcommittee
Age: 55
Total Annual Compensation: $356.7K
Chief Financial Officer, Principal Accounting Officer and Member of Equity Subcommittee
Age: 39
Total Annual Compensation: $270.0K
Senior Vice President and General Manager of Emerging Technologies
Age: 57
Total Annual Compensation: $225.0K
Senior Vice President of Field Operations & Business Development
Age: 62
Total Annual Compensation: $231.8K
Compensation as of Fiscal Year 2013.

Ruckus Wireless, Inc. Key Developments

James J. Goetz Resigns as a Director of Ruckus Wireless, Inc

On February 5, 2015, James J. Goetz announced to the Board of Directors of the Ruckus Wireless, Inc. of his resignation as a director, effective immediately. At the time of Mr. Goetz's resignation, he was serving as a Class I director and was a member of the Nominating and Corporate Governance Committee of the Board.

Ruckus Wireless, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ending March 31, 2015; Provides Gross Margin and Income Tax Guidance for the Year 2015

Ruckus Wireless, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $85,866,000 against $73,025,000 a year ago. Operating income was $3,230,000 against operating loss of $185,000 a year ago. Income before income taxes was $3,143,000 against loss before income taxes of $265,000 a year ago. Net income was $2,924,000 or $0.03 per share basic and diluted against $716,000 or $0.01 per share basic and diluted a year ago. Non-GAAP operating income was $11,812,000 against $6,981,000 a year ago. Non-GAAP net income was $11,543,000 or $0.12 per share diluted against $6,537,000 or $0.07 per share diluted a year ago. Net cash provided by operating activities was $5,223,000 against $9,162,000 a year ago. For the year, the company reported total revenue of $326,919,000 against $263,067,000 a year ago. Operating income was $209,420,000 against $159,000 a year ago. Income before income taxes was $14,130,000 against loss before income taxes of $110,000 a year ago. Net income was $8,190,000 or $0.09 per share diluted against $1,789,000 or $0.02 per share diluted a year ago. Non-GAAP operating income was $43,302,000 against $22,459,000 a year ago. Non-GAAP net income was $42,012,000 or $0.44 per share diluted against $21,184,000 or $0.22 per share diluted a year ago. Net cash provided by operating activities was $36,726,000 against $28,568,000 a year ago. For the first quarter ending March 31, 2015, the company expects total revenue to be in the range of $84 million to $87 million and non-GAAP diluted net income per share between $0.08 and $0.09 using approximately 98 million shares. The company expects gross margins to be approximately 68.5% to 69.5%. The company expects operating margins in the first quarter of 2015 to be higher as a result of higher taxes and benefits cost at the beginning of the year and incremental investment in research and development. For 2015, it expects stronger revenue growth in the second half of the year, primarily driven by the release of E-rate funding. The company expects gross margins for the year 2015 to be within the range of 68% to 69.5% and its anticipated income tax rate to be approximately 3% to 5%.

Shenzhen Topway Video Communication Co., Ltd. and Ruckus Wireless, Inc. Partner to Bring Smarter Wi-Fi Access to Shenzhen

Ruckus Wireless, Inc. announced a partnership with Shenzhen Topway Video Communication Co. Ltd. (Topway Video) to build and deploy a massive Smart Wi-Fi Municipal Area Network (MAN) across Shenzhen in the People's Republic of China (PRC). Shenzhen, China's fifth large city with over 10 million people, is located in the south of Southern China's Guangdong Province, situated immediately north of the Hong Kong Special Administrative Region. The wireless deployment project in Shenzhen is part of the growing, global trend to create Smart cities using communications technology that both improves municipal operations and services, and enhances the way of life for visitors and residents in urban environments. Topway Video is deploying Ruckus ZoneFlex's indoor and outdoor Smart Wi-Fi access points (APs) in major retail stores, restaurants, hospitals, public transport stations, neighborhood communities, public streets and many other indoor and outdoor public venues throughout Shenzhen. The new Smart Wi-Fi infrastructure enables millions of Shenzhen residents and visitors access to free, high-performance Ruckus Smart Wi-Fi in public service areas such as hospital waiting areas and Shenzhen's high-speed railway station. In addition, subscribers to Topway Video's cable service will now have more reliable Wi-Fi access in public venues throughout Shenzhen via digital devices such as smartphones and tablets. For carrier-class management, the Ruckus SmartCell Gateway (SCG) 200 WLAN controller seamlessly integrates Topway Video's Wi-Fi traffic into cellular operators' core networks, thereby providing multiple streaming solutions. Topway Video is also using the Ruckus SmartCell Insight (SCI) intelligent analysis platform to gather essential real-time analytics on the use of the Smart Wi-Fi infrastructure. Topway Video selected Ruckus as their equipment supplier for the Shenzhen Topway wireless network project due to the success of Ruckus in deploying Wi-Fi across other cities around the world, including the use of advanced carrier-class Smart Wi-Fi technology that provides better signal strength, coverage, penetration into buildings at higher data rates and reliability. Ruckus Smart Wi-Fi automatically mitigates radio frequency (RF) interference within constantly changing environmental conditions.

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