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Last $10.83 USD
Change Today +0.05 / 0.46%
Volume 124.8K
RKUS On Other Exchanges
New York
As of 10:02 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

ruckus wireless inc (RKUS) Snapshot

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52 Week High
09/10/14 - $15.21
52 Week Low
05/15/14 - $8.65
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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: $636.9K
Co-Founder, Chief Technology Officer and Dire...
Total Annual Compensation: $248.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $403.2K
Chief Operating Officer
Total Annual Compensation: $177.6K
Vice President of Legal, General Counsel and ...
Total Annual Compensation: $366.9K
Compensation as of Fiscal Year 2014.

ruckus wireless inc (RKUS) Key Developments

Ruckus Wireless, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015

Ruckus Wireless, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenue was $82.078 million compared with $75.052 million a year ago. Revenue for the quarter was impacted by large deals in North American enterprise business taking longer to close and by continued delays in education spending in advance of the upcoming release of E-Rate funding. Operating loss was $1.503 million compared with operating income of $0.951 million a year ago. Loss before income taxes was $1.440 million compared with income before income taxes of $0.971 million a year ago. Net loss was $0.573 million compared with net income of $0.273 million a year ago. Non-GAAP operating income was $6.791 million compared with $7.248 million a year ago. Non-GAAP net income was $6.508 million or $0.07 per diluted share compared with $7.017 million or $0.07 per diluted share a year ago. Net cash used in operating activities was $5.312 million compared with net cash provided by operating activities of $3.561 million a year ago. For the second quarter ending June 30, 2015, the company expects total revenue in the range of $86 million to $91 million and non-GAAP diluted net income per share of $0.07 to $0.10 using 98 to 99 million shares. Gross margins to be approximately 68.5% to 69.5%.

Ruckus Wireless, Inc. Signs New Distributor Agreement for India and the South Asian Association for Regional Cooperation (SAARC) with Ingram Micro Inc

Ruckus Wireless, Inc. signed a new distributor agreement for India and the South Asian Association for Regional Cooperation (SAARC) with Ingram Micro. Ingram Micro will help Ruckus Wireless maximize the value of the Smart Wi-Fi technology they offer to Ruckus BiG DOG channel partners in India and SAARC region.

Ruckus Wireless, Inc. Appoints Ian Whiting as Chief Commercial Officer

Ruckus Wireless, Inc. announced that Mr. Ian Whiting has joined the company's executive management team as its chief commercial officer. Whiting will lead the Ruckus worldwide enterprise and service provider sales teams, as well as the global pre-and post-sales systems engineering and customer support organizations. Reporting to Selina Lo, president and chief executive officer for Ruckus Wireless, Whiting will be responsible for driving the company's revenue, while maintaining the high degree of partner and customer satisfaction that sets the company apart from its competitors. Whiting brings to Ruckus more than 25 years of global sales, channel and general management leadership experience in both the enterprise IT and service provider markets. Whiting previously served as president, global field operations for Egnyte, an enterprise cloud file synchronization and sharing company. Prior to Egnyte, Whiting held global sales and operations leadership roles at Fusion-io (acquired by SanDisk), Riverbed Technology, and Brocade Communications.


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