Last $12.12 USD
Change Today -0.14 / -1.14%
Volume 988.5K
RKUS On Other Exchanges
Symbol
Exchange
New York
As of 2:07 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

ruckus wireless inc (RKUS) Snapshot

Open
$12.26
Previous Close
$12.26
Day High
$12.55
Day Low
$12.10
52 Week High
03/7/14 - $15.50
52 Week Low
05/15/14 - $8.65
Market Cap
1.0B
Average Volume 10 Days
2.3M
EPS TTM
$0.08
Shares Outstanding
85.3M
EX-Date
--
P/E TM
143.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for RUCKUS WIRELESS INC (RKUS)

ruckus wireless inc (RKUS) Related Businessweek News

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ruckus wireless inc (RKUS) Details

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. In addition, the company offers Ruckus SPoT Smart Positioning Technology, a cloud-based smart Wi-Fi location-based services platform; Smart Access Management Service, a hosted public cloud-based Wi-Fi access service; and Xclaim, a line of controller-less Wi-Fi products targeted for small businesses that have little to no information technology expertise in-house. Further, it provides technical support and maintenance programs for its hardware and software products comprising problem identification and resolution services, software hot fixes, and software error corrections, as well as software updates on an if and when available basis. The company serves enterprise end-customers in various industries, including hospitality; education; warehousing and logistics; corporate enterprise; retail; state and local governments; healthcare; and public venues, such as stadiums, convention centers, airports, and outdoor public areas, as well as serves mobile operators, cable companies, and fixed-line operators. The company was formerly known as Video54 Technologies, Inc. Ruckus Wireless, Inc. was incorporated in 2002 and is headquartered in Sunnyvale, California.

940 Employees
Last Reported Date: 02/25/15
Founded in 2002

ruckus wireless inc (RKUS) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $356.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $270.0K
Senior Vice President and General Manager of ...
Total Annual Compensation: $225.0K
Senior Vice President of Field Operations & B...
Total Annual Compensation: $231.8K
Compensation as of Fiscal Year 2013.

ruckus wireless inc (RKUS) Key Developments

Nokia Networks Integrates Ruckus Wireless's 802.11ac Technology

Ruckus Wireless, Inc. announced that its 802.11ac technology is being integrated into Nokia Networks [2]' Flexi Zone Small cell indoor and outdoor solutions. Ruckus has been working with Nokia Networks to integrate its 802.11ac Wi-Fi technology into selected Flexi Zone products to address the growing demand for more comprehensive solutions that help operators more efficiently address the skyrocketing data capacity demands they face.

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%.

 

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