Ruckus Wireless (RKUS) Attributes Revenue Miss to E-Rate Related Deal; Needham & Company Reiterates Buy

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Go back to Ruckus Wireless (RKUS) Attributes Revenue Miss to E-Rate Related Deal; Needham & Company Reiterates Buy

Ruckus Wireless Reports Record Fourth Quarter 2015 Revenue of $100.1 million up 16.6% year-over-year

February 9, 2016 4:16 PM EST

SUNNYVALE, Calif., Feb. 9, 2016 /PRNewswire/ -- Ruckus Wireless, Inc. (NYSE: RKUS) today announced financial results for its fourth quarter and fiscal year ended December 31, 2015.

Financial Summary

Revenue for the fourth quarter of 2015 was $100.1 million, an increase of 16.6% from the fourth quarter of 2014.

GAAP net income was $2.8 million for the fourth quarter of 2015, compared with GAAP net income of $2.9 million for the... More