Goldman Sachs Downgrades Ruckus Wireless (RKUS) to Neutral
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Macquarie Downgrades Ruckus Wireless (RKUS) to Neutral
April 5, 2016 7:56 AM EDTMacquarie downgraded Ruckus Wireless (NYSE: RKUS) from Outperform to Neutral.
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 $13.24 yesterday.
... MoreNeedham & Company Downgrades Ruckus Wireless (RKUS) to Hold Amid Takeover
April 5, 2016 6:15 AM EDTNeedham & Company downgraded Ruckus Wireless (NYSE: RKUS) from Buy to Hold after the company agreed to be acquired by Brocade.
Analyst Richard Valera commented, "We see the multiple paid, which is similar to what HP paid for Aruba in early 2015, as... More
Brocade (BRCD) to Acquire Ruckus Wireless (RKUS) in $1.5B Deal; Stock Buyback Program Increased
April 4, 2016 8:48 AM EDTBrocade (NASDAQ: BRCD) and Ruckus Wireless (NYSE: RKUS) announced that Brocade has entered into a definitive agreement to acquire Ruckus Wireless, Inc. in a cash and stock transaction. The acquisition will complement Brocade's enterprise networking portfolio, adding Ruckus' higher-growth, wireless products to Brocade's market-leading networking solutions. It will also significantly strengthen Brocade's strategic presence in the broader service provider space, with Ruckus' market-leading Wi-Fi position. Brocade expects the transaction to be accretive to its non-GAAP earnings by its first quarter of fiscal 2017. The Ruckus organization... More
