Goldman Sachs Starts Ruckus Wireless (RKUS) at Neutral
Tweet Send to a FriendGet Alerts RKUS Hot Sheet
Price: $13.04 -2.76%
Rating Summary:
5 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Rating Summary:
5 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Trade RKUS Now!
Goldman Sachs initiates coverage on Ruckus Wireless (NYSE: RKUS) with a Neutral. PT $20.00.
The firm comments, "We see Ruckus as able to deliver sector-leading top-line growth (CY11-15E CAGR of 38%) on strong secular growth in the Service Provider (SP) and Enterprise Wi-Fi segments, with potential gross margin expansion and operating leverage driving even faster earnings growth (CY11-15E net income CAGR of 59%). However, the sharp rise in the shares since the Nov. 16 close (+55% vs. S&P +4%) makes the risk/reward more balanced at current levels in our view, with RKUS now at a CY13 EV/S multiple of 5.9X."
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, with a 52 week range of $12.25-$19.73.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "We see Ruckus as able to deliver sector-leading top-line growth (CY11-15E CAGR of 38%) on strong secular growth in the Service Provider (SP) and Enterprise Wi-Fi segments, with potential gross margin expansion and operating leverage driving even faster earnings growth (CY11-15E net income CAGR of 59%). However, the sharp rise in the shares since the Nov. 16 close (+55% vs. S&P +4%) makes the risk/reward more balanced at current levels in our view, with RKUS now at a CY13 EV/S multiple of 5.9X."
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, with a 52 week range of $12.25-$19.73.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Goldman Sachs Upgrades Ruckus Wireless (RKUS) to Buy, 'Pullback Creates Opportunity'
- UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
- Goldman Sachs Upgrades Meritor (MTOR) to Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Goldman Sachs, Standard & Poor's, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
