Last $3.22 USD
Change Today +0.03 / 0.94%
Volume 17.0K
MERU On Other Exchanges
As of 2:02 PM 01/29/15 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
03/6/14 - $4.94
52 Week Low
01/7/15 - $2.83
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meru networks inc (MERU) Details

Meru Networks, Inc., together with its subsidiaries, provides virtualized wireless local area network (LAN) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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, which provides network connectivity for wireless devices; and Identity Manager that simplifies enterprise network access and identity management. In addition, the company provides Meru Networks E(z)RF application suite comprising E(z)RF Network Manager, E(z)RF Service Assurance Manager, and Spectrum Manager, which enable enterprises to configure, monitor, troubleshoot, secure, and operate virtualized wireless LAN solution; and Wireless Intrusion prevention System that detects wireless intrusions with predefined and custom signatures on an integrated platform with other WLAN management applications. Further, it offers SA250 and SA2000 Services Appliances that provides the hardware platform for the company’s applications focused on WLAN management and security. Additionally, the company provides customer support services related to its products, professional services, and training. It serves education, healthcare, hospitality, manufacturing, retail, technology, finance, government, telecom, transportation, and utilities markets. The company sells its products primarily through its sales force, value added resellers, and distributors. Meru Networks, Inc. was founded in 2002 and is headquartered in Sunnyvale, California.

419 Employees
Last Reported Date: 02/28/14
Founded in 2002

meru networks inc (MERU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $760.1K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $270.6K
Senior Vice President of Worldwide Engineerin...
Total Annual Compensation: $255.5K
Vice President and General Manager of Educati...
Total Annual Compensation: $299.8K
Senior Vice President of Worldwide Sales & Fi...
Total Annual Compensation: $498.9K
Compensation as of Fiscal Year 2013.

meru networks inc (MERU) Key Developments

Meru Networks, Inc. Appoints Stephen Domenik as Independent Chairman of the Board

Meru Networks, Inc. announced that Stephen Domenik was appointed as the Independent Chairman of the board, to serve until he is removed by the board and/or his successor is duly appointed.

Meru Networks Announces New Restructuring Plan; Announces Executive Changes

Meru Networks announced a new restructuring plan to reduce FTEs by more than 10% and lower the number of contractors in the first quarter. The plan will mean one-off charges of USD 1.5 million to USD 2.0 million in the first quarter and impact every department across all geographies. The company announced the plan will consolidate certain functions, flatten the organisation, reduce operating expenses and cash burn, and accelerate a return to operating profitability. The company also announced the departure of sales VP for North America Kevin Coppins, who has resigned from January 12, 2015. Tom Palomaki, the company's VP of Worldwide Support and Services will move into the position.

Meru Networks Revises Revenue Guidance for Fourth Quarter of 2014; Provides Earnings Guidance for the First Quarter of 2015

Meru Networks revises revenue guidance for fourth quarter of 2014. For the quarter, the company lowered its guidance for fourth quarter revenues to USD 21.0-22.0 million from its previously announced range of USD 23.0-27.0 million. The company wants to reduce breakeven from USD 27.0 million in quarterly revenues to USD 21.5-22.5 million by the end of the first quarter 2015, with target gross margins at 62.5%.


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Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 13.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x

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