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Last $1.62 USD
Change Today -0.01 / -0.61%
Volume 131.8K
MERU On Other Exchanges
As of 8:10 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

meru networks inc (MERU) Snapshot

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52 Week High
07/23/14 - $4.50
52 Week Low
04/22/15 - $1.20
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meru networks inc (MERU) Details

Meru Networks, Inc., together with its subsidiaries, provides virtualized wireless local area network (LAN) solutions. Its virtualized wireless LAN solution is based on its System Director Operating System, which runs on its controllers and access points. The company’s System Director Operating System offers centralized coordination and control of various access points on the network. It also offers controllers that synchronize access points to optimize the user experience and manage traffic on the network; Wi-Fi-certified access points that provide network connectivity for wireless devices; and bring-your-own-device (BYOD) and policy management solutions are designed to automate secure guest access. In addition, the company provides Meru Center, a wireless application platform, which unifies network applications under a single platform and permits activation of pre-installed network tool; SA250 and SA2000 Services Appliances that provides the hardware platform for the company’s applications focused on WLAN management and security; and XPress Cloud that provides enterprises with remote management capabilities to operate their network. Further, it offers customer support, professional, and training services. The company serves education, healthcare, hospitality, manufacturing, retail, technology, finance, government, telecom, transportation, and utilities markets. Meru Networks, Inc. sells its products primarily through value added resellers and distributors worldwide. The company was founded in 2002 and is headquartered in Sunnyvale, California.

381 Employees
Last Reported Date: 02/27/15
Founded in 2002

meru networks inc (MERU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $305.0K
Senior Vice President of Worldwide Engineerin...
Total Annual Compensation: $349.2K
Vice President and General Manager of Educati...
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2014.

meru networks inc (MERU) Key Developments

Meru Networks, Inc. Sign an Agreement with Opus Bank for Senior Secured Credit Facility Up to $15 Million

Meru Networks, Inc. announced that the company has signed an agreement with Opus Bank for a senior secured credit facility up to $15 million, consisting of a $9 million 3-year term loan and a $6 million line of credit. A portion of the proceeds will be used to retire the entire $3.1 million in current debt facility obligations, including all of the debt outstanding on the Company's balance sheet.

Meru Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Meru Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $17,416,000 against $20,600,000 a year ago. Loss from operations was $7,718,000 against $7,556,000 a year ago. Loss before provision for income taxes was $7,934,000 against $7,950,000 a year ago. Net loss was $8,037,000 against $8,062,000 a year ago. Net loss per share of common stock, basic and diluted was $0.33 against $0.35 a year ago. Non-GAAP net loss was $3,871,000 against $5,472,000 a year ago. Non-GAAP net loss per share of common stock, basic and diluted was $0.16 against $0.24 a year ago. Non-GAAP loss from operations was $3,562,000 against $4,995,000 a year ago. Net cash used in operating activities was $3,114,000 against $3,780,000 a year ago. Purchases of property and equipment were $69,000 against $333,000 a year ago.

Meru Networks, Inc. to Report Q1, 2015 Results on May 04, 2015

Meru Networks, Inc. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on May 04, 2015


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MERU Competitors

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Price/Sales 0.5x
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TEV/Sales 0.3x

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