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Deutsche Bank Starts Ruckus Wireless (RKUS) at Hold

December 11, 2012 6:45 AM EST
Get Alerts RKUS Hot Sheet
Price: $12.87 --0%

Rating Summary:
    7 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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Deutsche Bank initiates coverage on Ruckus Wireless (NYSE: RKUS) with a Hold. PT $20.00.

The firm comments, "The proliferation of mobile and portable computing devices, as well as the overall steady growth of data consumption, has led to growing demand for wireless solutions within the enterprise and for additional small-cell capacity to augment existing service provider networks. We believe that Ruckus currently offers the best solution for addressing this demand in service provider networks and this contention is borne out in the accelerated growth of their sales in this vertical. However, given their current valuation at 5.4X CY13E sales and the increased competition in the enterprise space, we initiate with a Hold."

For an analyst ratings summary and ratings history on Ruckus Wireless click here. For more ratings news on Ruckus Wireless click here.

Shares of Ruckus Wireless closed at $18.96 yesterday.


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