Meru Networks (MERU) Misses Q3 EPS by 2c

Meru Networks (NASDAQ: MERU) reported Q3 EPS of ($0.08), $0.02 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $25 million versus the consensus estimate of $25.09 million.

"Our 11ac products continue to be well received in the market," said Dr. Bami Bastani, president and CEO, Meru Networks. "In addition to transitioning our current customers to 11ac products, we are winning new customers as they migrate to this new standard."

"Meru also has an early lead in SDN and support for unified communications which, along with our planned entry into the SMB market segment, position Meru to take advantage of markets that are expected to grow rapidly over the next few years," he continued.

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

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