Ruckus Wireless (RKUS) Bullish Stance Maintained a Needham & Company Amid CFO Meetings

Needham & Company analyst Richard Valera maintained a Buy rating and $17 price target on Ruckus Wireless (NYSE: RKUS) following meetings with the CFO.

Valera commented, "Last week we hosted a day of investor meetings with Ruckus CFO Seamus Hennessy. Our takeaways are largely consistent with those from the company's 4Q13 call and meeting at MWC a few weeks ago, namely that the company sounds confident in its 2014 outlook and that its service provider business enters the year with solid momentum after doubling its customer count in 2013."

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 $13.05 yesterday.

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