Out of 15 analysts covering Ruckus Wireless (NYSE:RKUS), 9 rate it “Buy”, 0 “Sell”, while 8 “Hold”. This means 53% are positive. Ruckus Wireless was the topic in 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Below is a list of Ruckus Wireless Inc (NYSE:RKUS) latest ratings and price target changes.
05/02/2016 Broker: Dougherty and Company Rating: Old Target: $15.00 New Target: $11.00 Target Down
05/02/2016 Broker: Goldman Sachs Rating: Buy Old Target: $16.00 New Target: $13.00 Target Down
22/01/2016 Broker: RBC Capital Markets Rating: Outperform Old Target: $14 New Target: $12 Maintain
20/01/2016 Broker: Guggenheim Old Rating: Buy New Rating: Neutral Downgrade
14/01/2016 Broker: Stifel Nicolaus Rating: Buy Old Target: $17.00 New Target: $15.00 Target Down
10/11/2015 Broker: Goldman Sachs Rating: Conviction Buy Upgrade
12/10/2015 Broker: Piper Jaffray Old Rating: Overweight New Rating: Neutral New Target: $13 Downgrade
The stock decreased 1.76% or $0.17 during the last trading session, hitting $9.47. About 514,859 shares traded hands. Ruckus Wireless Inc (NYSE:RKUS) has declined 19.13% since August 4, 2015 and is downtrending. It has underperformed by 14.16% the S&P500.
Ruckus Wireless, Inc. is a global supplier of carrier-class wireless fidelity solutions. The company has a market cap of $853.21 million. The Company’s Smart Wi-Fi solutions are used by service providers and enterprises to solve a range of network capacity, coverage and challenges associated with wireless traffic demands created by the growth in the number of users equipped with smart wireless devices using data rich applications and services. It has 194.02 P/E ratio. It markets its products and technology through a network of channel partners to a range of service providers and enterprises.
The institutional sentiment increased to 1.18 in 2015 Q3. Its up 0.01, from 1.17 in 2015Q2. The ratio improved, as 27 funds sold all Ruckus Wireless Inc shares owned while 45 reduced positions. 27 funds bought stakes while 58 increased positions. They now own 61.75 million shares or 4.43% less from 64.61 million shares in 2015Q2.
True Bearing Asset Management Lp holds 2.74% of its portfolio in Ruckus Wireless Inc for 136,017 shares. P.A.W. Capital Corp owns 150,000 shares or 2.04% of their US portfolio. Moreover, Nichols Asset Management Llc has 1.99% invested in the company for 748,948 shares. The Minnesota-based Kopp Investment Advisors Llc has invested 1.67% in the stock. Granahan Investment Management Inc Ma, a Massachusetts-based fund reported 3.46 million shares.
Since March 19, 2015, the stock had 0 insider purchases, and 11 insider sales for $3.66 million net activity. Lo Selina Y sold 37,800 shares worth $479,251. Hennessy Seamus sold 21,000 shares worth $261,582. Maples Scott R. sold 10,400 shares worth $138,265. Burstein Barton M. sold 1,479 shares worth $19,227. The insider Rabinovitsj Daniel A sold 27,380 shares worth $355,940.
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