Ruckus Wireless (RKUS) Falls: Stock Goes Down 7.6% - Tale of the Tape

Ruckus Wireless, Inc. (RKUS) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for RKUS as the stock is now up around 13% in the past one-month time frame.
 
This slump shouldn’t be too much of a surprise to investors, as the provider of Wi-Fi solutions has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
 
RKUS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Investors interested in the same industry may consider better-ranked stock like Telenav, Inc. (TNAV), which carries a Zacks Rank #2 (Buy).
 
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RUCKUS WIRELESS (RKUS): Free Stock Analysis Report
 
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