Oppenheimer Starts Ruckus Wireless (RKUS) at Outperform
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Price: $12.87 --0%
Rating Summary:
7 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
7 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Oppenheimer initiates coverage on Ruckus Wireless (NYSE: RKUS) with a Outperform. PT $23.00.
The firm comments, "We see several positive trends supporting our revenue projections (+29.5% in '13 and +24.4% in '14), including exploding mobile data usage, accelerating adoption of enterprise mobility (corporate-issued and BYOD), and overloaded 3G/4G cellular networks. Ruckus is particularly well positioned in the fastest growing WLAN segments, namely the underserved SMB (+20% CAGR '12-'16) and the capacity-constrained carrier market (+45.7% CAGR) where WiFi offloading is a big '13-'14 catalyst. While gross margin could be flattish as Ruckus's sales mix moves toward carriers, we see economies of scale driving strong operating leverage and supporting EPS growth from $0.17 in '13 to $0.28 in '14."
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.
The firm comments, "We see several positive trends supporting our revenue projections (+29.5% in '13 and +24.4% in '14), including exploding mobile data usage, accelerating adoption of enterprise mobility (corporate-issued and BYOD), and overloaded 3G/4G cellular networks. Ruckus is particularly well positioned in the fastest growing WLAN segments, namely the underserved SMB (+20% CAGR '12-'16) and the capacity-constrained carrier market (+45.7% CAGR) where WiFi offloading is a big '13-'14 catalyst. While gross margin could be flattish as Ruckus's sales mix moves toward carriers, we see economies of scale driving strong operating leverage and supporting EPS growth from $0.17 in '13 to $0.28 in '14."
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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