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Ruckus Wireless, Inc. Message Board

  • d333gs d333gs Aug 2, 2013 3:49 AM Flag

    Ruckus Wireless (RKUS) Numbers Raised at Needham & Company Following Solid Q2

    Needham & Company reiterated a Buy rating on Ruckus Wireless (NYSE: RKUS), raised estimates and raised its price target from $16 to $17 following solid Q2 results and Q3 guidance.

    Analyst Richard Valera comments, ""We continue to view RKUS as one of the most attractive growth-oriented names in our coverage. We believe its exposure to the solidly
    growing enterprise Wi-Fi market and the relatively nascent but faster growing carrier Wi-Fi market support a 20%-plus multi-year growth outlook. With the company rebounding solidly from its 1Q miss, we believe investors will come back to the name as they look specifically for ways to play carrier Wi-Fi, and generally for stories with sustainable top line growth. We reiterate our Buy and nudge up our PT to $17 (was $16), equivalent to ~4.9x EV/2014E sales."
    The firm raised FY 2013 EPS from $0.15 to $0.18 and FY 2014 EPS remains at $0.28.

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RKUS
11.65+0.01(+0.09%)Dec 24 1:03 PMEST

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