Type
|
Subsidiary of Fortinet |
---|---|
Traded as | |
Industry | Wireless LAN |
Founded | Sunnyvale, California, U.S. (2002) |
Founder | Dr. Vaduvur Bharghavan Srinath Sarang Joseph Epstein Sung-Wook Han |
Headquarters | Sunnyvale, California, U.S. |
Area served
|
Worldwide |
Key people
|
Bami Bastani (CEO) Larry Vaughan (SVP Sales) |
Products | Wireless access points Wireless LAN Controller Networking devices |
Revenue | USD 90.5 million (2011) |
Net income
|
USD 26.7 million (2011) |
Total assets | USD 66.8 million (2011) |
Total equity | USD 32.5 million (2011) |
Number of employees
|
403 (2011) |
Website | merunetworks.com |
Meru Networks was a supplier of wireless local area networks (WLANs) to healthcare, enterprise, hospitality, K-12 education, higher education, and other markets. Founded in 2002 and headquartered in Sunnyvale, California, United States, the company made its initial public offering in March 2010.
Meru Networks was founded in 2002 to address issues with legacy wireless networking architectures that support two separate access networks: a wired network for business-specific applications and a wireless network for casual use. This causes problems ranging from co-channel interference to the inability of micro-cellular systems to scale up. Meru Networks develops and markets a virtualized wireless LAN solution that enables enterprises to migrate applications from wired networks to wireless networks and become what Meru refers to as the "All-wireless enterprise." The company uses an approach to wireless networking that employs virtualization technology to create a self-monitoring wireless network that provides access to applications, improved application performance, and a greater ability to run converged applications, such as voice, video and data, over a wireless network.
The company’s current products address the IEEE 802.11ac and 802.11n wireless networking standards, The company focuses on a “Virtual Cell” approach to Wi-Fi. Under a single service assurance platform, it aggregates access points and the controller needed to manage them. This simplifies the management of access points, cuts the number of access points needed on a wireless network, and eliminates bandwidth contention issues.
Products and services are sold through value-added resellers (VARs) and distributors.
2011 honors include:
The company focuses on the education, healthcare and hospitality markets. Approximately three-quarters of its global sales come from the Americas, and among its 12,500 customers worldwide are the CME Group and Hellmann Worldwide Logistics.
While the company’s main emphasis is on the markets noted above, they are not its exclusive focus. In December 2011, for example, Meru announced that it was working with Ayacht Technology Solutions to install a new Wi-Fi network at historic, 37,000-seat Fenway Park, the home of Major League Baseball's Boston Red Sox
On September 8, 2011, Meru announced that it had acquired access control specialist Identity Networks. Founded in 2006 and based in Manchester, UK, Identity Networks develops and markets tools that offer provisioning and notification services that give guests access credentials by way of email, or SMS, and also provide reporting, auditing, and policy customization.
On May 27, 2015, Fortinet agreed to acquire Meru Networks for $44 million in cash. Fortinet will integrate the Meru Networks team and operations into their organization.
5016-03-31 | ||||
2014-04-29 | Downgrade | William Blair | Outperform to Market Perform | |
2014-03-19 | Initiated | Mizuho | Buy | $6 |
2014-03-18 | Initiated Coverage | Mizuho | Buy | $6.00 |
2014-02-11 | Reiterated Rating | Bank of America | Underperform | $3.25 to $2.75 |
2013-03-11 | Resumed | William Blair | Outperform | |
2012-06-25 | Downgrade | JMP Securities | Mkt Outperform to Mkt Perform | |
2012-01-04 | Resumed | JMP Securities | Mkt Outperform | $5 |
2011-12-14 | Initiated | Avian | Neutral | |
1970-01-01 | ||||
0871-03-19 | ||||
0737-03-21 |
5016-03-31 | ||||
2014-04-29 | Downgrade | William Blair | Outperform to Market Perform | |
2014-03-19 | Initiated | Mizuho | Buy | $6 |
2014-03-18 | Initiated Coverage | Mizuho | Buy | $6.00 |
2014-02-11 | Reiterated Rating | Bank of America | Underperform | $3.25 to $2.75 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MERU 0 funds of 2213 total. Show all
Fund name | Ticker shares |
---|
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Singer Eric | 2.59% (610116) | IEC / MERU / NMRX / PLXT / QTM / SEAC / SIGM / SPRT / TIGR / YUME / |
Copperman Harold D | 1.93% (455092) | IDSY / MERU / |
Newman Barry A. | 1.30% (305950) | MERU / |
Quigley William | 0.93% (219726) | MERU / |
KISSNER CHARLES | 0.86% (203969) | AVNW / MERU / RMBS / SHOR / |
Malik Ajay SVP, Worldwide Engineering | 0.49% (115186) | MERU / |
MERESMAN STANLEY J | 0.46% (108220) | LNKD / MERU / PANW / ZNGA / |
KURTZWEIL JOHN T | 0.43% (102158) | ACLS / CREE / EXTR / MERU / |
COX BARRY L /ADV | 0.41% (96402) | ADNC / MERU / PXLW / |
BASTANI BAMI President & CEO | 0.33% (77836) | CRMD / GLOW / MERU / |
Mitsakos Nicholas | 0.28% (66676) | MERU / |
Vaughan Larry SVP of WW Sales, SRVC & SUPT | 0.26% (61672) | MERU / |
Anand Kamal General Manager, Hospitality | 0.25% (58689) | MERU / |
DOMENIK STEPHEN L | 0.22% (50719) | EMKR / MERU / MOSY / PLXT / PXLW / RSYS / YUME / |
McDonald Brian R Chief Financial Officer | 0.20% (46148) | MERU / |
Vesuna Sarosh GM, Higher Education | 0.18% (41475) | MERU / |
Ramakrishna Sudhakar | 0.14% (33993) | CTXS / MERU / MITL / |
Simmons Philip SVP WW Engineering | 0.07% (15393) | MERU / |
WHITE BRETT T Chief Financial Officer | 0.05% (12498) | MERU / |
Liu Mark General Counsel | 0.02% (4833) | MERU / |