Meru Networks (MERU) Tops Q4 EPS by 1c

Meru Networks (NASDAQ: MERU) reported Q4 EPS of ($0.17), $0.01 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $21.7 million versus the consensus estimate of $21.52 million.

"2014 was a challenging year for Meru, impacted heavily by the lack of E-rate funding for K-12 schools in the U.S. It was also a year of investment in new products and new services, designed to position us for growth," said Dr. Bami Bastani, president and CEO of Meru Networks. "To accelerate our path to profitability we have restructured the company, added Tier 1 distributors, and supplemented our product portfolio to appeal to the faster growing segments of the market. We have the highest performing 802.11ac product portfolio, we recently announced the Meru app store, and tomorrow we will launch Meru XPress Cloud, serving the SME market."

For earnings history and earnings-related data on Meru Networks (MERU) click here.

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