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RKUS $12.87

RKUS target price
12.87
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Ruckus Wireless, Inc.
Traded as NYSE: RKUS
Industry Telecommunications equipment
Founded 2004
Headquarters Sunnyvale, California
Key people
Selina Lo
(CEO)
William Kish
(Co-Founder)
Victor Shtrom
(Co-Founder)
Products Hardware, software, and services to telecommunications service providers and enterprises
Revenue $373 million (2015)
Number of employees
940 (2015)
Parent Arris International
Website www.ruckuswireless.com

Ruckus Wireless, Inc. was a company selling wireless systems for mobile devices, headquartered in Sunnyvale, California. Ruckus offers Wi-Fi products to mobile carriers, broadband service providers, and corporate enterprises.

Ruckus invented and has patented wireless voice, video, and data technology, such as adaptive antenna arrays that extend signal range, increase client data rates, and avoid interference, providing distribution of delay-sensitive multimedia content and services over standard 802.11 Wi-Fi.

On April 4, 2016, Brocade Communications Systems announced that it was acquiring Ruckus Wireless for approximately $1.5 billion. Brocade completed its acquisition of Ruckus Wireless on May 27, 2016. After Brocade was acquired by Broadcom Limited, it was acquired by the Arris Group for $800 million in 2017.

Ruckus was founded in 2004 by William Kish and Victor Shtrom. Sequoia Capital, WK Technology Fund, and Sutter Hill Ventures initially funded the company. Ruckus was publicly listed on the New York Stock Exchange under the symbol RKUS.

In 2015, Ruckus Wireless became the first Wi-Fi vendor to introduce an 802.11ac Wave 2 access point with the ZoneFlex R710. The R710 is capable of supporting twice the density of mobile devices over Wave 1 access points.

The acquisition by Brocade in a cash and stock deal worth about $1.5 billion is meant to add Ruckus’s Wi-Fi products to Brocade's enterprise networking business.

Ruckus designed an adaptive directional antenna technology called BeamFlex. The company first sold the technology to other manufacturers to enable them to include it in their products. Ruckus also came out with a Customer Premises Equipment (CPE) device that was sold to service providers.

Ruckus offers indoor and outdoor access points in several price ranges. BeamFlex is at the core of Ruckus’ ZoneFlex APs with its directional antenna technology. This technology automatically adjusts to changes in the Radio Frequency (RF) environment providing stronger signals. Beamforming has now been integrated into the latest version of the 802.11 standard and 802.11ac. Other products that Ruckus offers include controllers, software, and smart wireless services.

Ruckus offers Wi-Fi branded products such as indoor and outdoor wireless access points and wireless controllers all sold under the brand name.

Ruckus offers wireless access points that can support up to 500 simultaneous connections on a single node. In 2007, Ruckus launched ZoneFlex, a centrally managed WLAN platform for enterprises and carriers.

Ruckus offers two different controllers: ZoneDirector geared for smaller, single-site deployments and SmartZone directed at carrier and large, multi-site enterprise deployments. SmartZone can be delivered as both a virtual and physical appliance.

Ruckus Wireless provides software-products to accompany their hardware. They offer the FlexMaster, SmartCell Insight, Ruckus ZonePlanner, and Ruckus Mobile Applications.

The Ruckus FlexMaster Management System (9.0) is a Linux-based managed service platform for configuration, fault detection, audit, performance management and optimization of hundreds of thousands of remote Smart Wi-Fi APs or Smart Wireless LANs (WLANs) from a single point.

The Ruckus SmartCell Insight collects and correlates Wi-Fi performance metrics into 19 available reports, has do it yourself analytics using customer reports, long term retention, and software only solution residing on a Linux server using CENTOS/RHEL OS.

The Ruckus ZonePlanner is a Smart Wi-Fi RF simulation. It integrates Ruckus’ adaptive antenna patterns.

Ruckus Wireless has mobile applications called Ruckus SpeedFlex, Ruckus ZD Remote Control, and Ruckus SWIPE.

Ruckus Wireless provides its customers with location-based services.

Ruckus relies heavily on its enterprise business, as it is two-thirds of their revenue with almost 100% of enterprise sales coming from the channel. Many of these enterprises include hospitality, retail, healthcare, transportation hubs, and education.

Ruckus Wireless started out by selling to carrier companies and they are still a good portion of their business. Their customers include C3ntro Telecom, Verizon, AT&T, Time Warner Cable, Deutsche Telekom, and China Telecom. One-third of Ruckus’ business is selling to carrier businesses.

Xclaim Wireless was launched by Ruckus in 2014 as a new division aimed at small businesses. Xclaim Wireless provides a product portfolio designed for enterprise-class features at consumer-level prices.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-05-31 Reiterated Rating Goldman Sachs Hold
2016-05-31 Reiterated Rating Goldman Sachs Group Inc. Hold
2016-05-02 Reiterated Rating BMO Capital Markets Hold
2016-04-05 Downgrade Macquarie Outperform to Neutral
2016-04-05 Downgrade Dougherty & Co Buy to Neutral
2016-04-05 Downgrade William Blair Outperform to Market Perform
2016-04-05 Downgrade Stifel Nicolaus Buy to Hold
2016-04-05 Downgrade Needham & Company LLC Buy to Hold
2016-04-05 Downgrade RBC Capital Outperform to Sector Perform $12.00 to $13.50
2016-04-05 Downgrade Royal Bank Of Canada Outperform to Sector Perform $12.00 to $13.50
2016-04-04 Downgrade BTIG Research Buy to Neutral
2016-04-04 Reiterated Rating BMO Capital Markets Outperform to Market Perform $14.00
2016-04-04 Downgrade Macquarie Outperform to Neutral
2016-04-04 Downgrade Goldman Sachs Buy to Neutral $16.00 to $14.00
2016-04-04 Downgrade Craig Hallum Buy to Hold
2016-03-15 Reiterated Rating RBC Capital Outperform $12.00
2016-02-26 Initiated Coverage BTIG Research Buy $13.00
2016-02-22 Reiterated Rating William Blair Outperform
2016-02-10 Lower Price Target BMO Capital Markets Outperform $15.00 to $11.00
2016-02-10 Lower Price Target Needham & Company LLC Buy $14.00 to $11.00
2016-02-10 Downgrade SunTrust Buy to Neutral $14.00 to $8.50
2016-02-10 Lower Price Target Piper Jaffray Neutral $12.00 to $10.00
2016-02-10 Lower Price Target Craig Hallum Buy $12.00
2016-02-10 Lower Price Target Oppenheimer Outperform $15.00 to $13.00
2016-02-10 Lower Price Target Piper Jaffray Cos. Neutral $12.00 to $10.00
2016-02-10 Lower Price Target Oppenheimer Holdings Inc. Outperform $15.00 to $13.00
2016-02-10 Downgrade SunTrust Banks Inc. Buy to Neutral $14.00 to $8.50
2016-02-09 Lower Price Target Deutsche Bank Hold $11.00 to $9.00
2016-02-09 Lower Price Target Deutsche Bank AG Hold $11.00 to $9.00
2016-02-05 Lower Price Target Goldman Sachs Buy $16.00 to $13.00
2016-01-22 Lower Price Target RBC Capital Outperform $14.00 to $12.00
2016-01-20 Downgrade Guggenheim Buy to Neutral
2016-01-14 Lower Price Target Stifel Nicolaus Buy $17.00 to $15.00
2015-12-13 Reiterated Rating Needham & Company LLC Buy $14.00
2015-12-09 Reiterated Rating Oppenheimer Outperform $15.00
2015-11-09 Upgrade Goldman Sachs Buy to Conviction-Buy $16.00
2015-11-02 Lower Price Target SunTrust Neutral $14.00 to $12.00
2015-11-02 Lower Price Target RBC Capital Outperform $17.00 to $16.00
2015-11-02 Lower Price Target Pacific Crest Outperform $16.00 to $14.00
2015-11-02 Lower Price Target Needham & Company LLC Buy $16.00 to $14.00
2015-11-02 Lower Price Target Craig Hallum Buy $20.00 to $16.00
2015-11-02 Lower Price Target BMO Capital Markets Outperform $17.00 to $12.00
2015-10-31 Reiterated Rating Piper Jaffray Hold
2015-10-30 Lower Price Target Piper Jaffray Outperform $13.00 to $12.00
2015-10-30 Boost Price Target Craig Hallum $14.00 to $15.00
2015-10-18 Reiterated Rating Deutsche Bank Hold
2015-10-12 Downgrade Piper Jaffray Overweight to Neutral $13.00
2015-09-16 Reiterated Rating Oppenheimer Outperform $14.00
2015-09-10 Upgrade SunTrust Top Pick
2015-08-18 Reiterated Rating William Blair Outperform
2015-07-20 Boost Price Target SunTrust $12.00 to $14.00
2015-07-17 Upgrade SunTrust Neutral to Buy
2015-07-06 Reiterated Rating Oppenheimer Outperform $14.00
2015-05-09 Reiterated Rating Piper Jaffray Overweight $15.00 to $14.00
2015-05-09 Reiterated Rating BMO Capital Markets Outperform $15.00 to $14.00
2015-04-13 Upgrade OTR Global Positive
2015-04-13 Reiterated Rating Goldman Sachs Conviction-Buy to Buy
2015-03-30 Boost Price Target Oppenheimer In-Line to Outperform $13.00 to $15.00
2015-03-26 Initiated Coverage Guggenheim Buy
2015-03-16 Reiterated Rating Deutsche Bank Hold $11.00
2015-02-11 Reiterated Rating William Blair Outperform
2015-02-11 Lower Price Target Deutsche Bank Hold $13.00 to $11.00
2015-02-11 Lower Price Target Oppenheimer Outperform $16.00 to $13.00
2015-02-11 Downgrade Piper Jaffray Positive $15.00
2015-02-11 Lower Price Target RBC Capital Outperform $17.00 to $16.00
2015-01-26 Initiated Coverage Citigroup Inc. Buy $13.00
2015-01-21 Upgrade Northland Securities Market Perform to Outperform
2015-01-06 Set Price Target Oppenheimer Buy $16.00
2014-12-22 Downgrade OTR Global Positive
2014-11-06 Initiated Coverage RBC Capital Outperform $17.00
2014-10-30 Upgrade Morgan Stanley Underweight to Equal Weight
2014-09-24 Initiated Coverage SunTrust Neutral $14.00
2014-09-12 Downgrade Buckingham Research Buy to Neutral $15.00 to $16.00
2014-09-12 Initiated Coverage Morgan Stanley Underweight $13.00
2014-07-31 Boost Price Target Piper Jaffray Overweight $14.00 to $17.00
2014-07-31 Boost Price Target BMO Capital Markets Outperform $13.00 to $17.00
2014-07-31 Reiterated Rating Craig Hallum Buy $20.00
2014-07-30 Initiated Coverage Pacific Crest Outperform $15.00
2014-07-24 Upgrade Goldman Sachs Buy to Conviction-Buy
2014-06-24 Initiated Coverage Wells Fargo & Co. Market Perform
2014-06-24 Initiated Coverage Wells Fargo Market Perform
2014-06-19 Initiated Coverage Buckingham Research Buy $14.00
2014-05-28 Initiated Coverage BMO Capital Markets Outperform $13.00
2014-05-01 Reiterated Rating Deutsche Bank Hold $13.00
2014-05-01 Lower Price Target Oppenheimer Outperform $18.00 to $16.00
2014-05-01 Lower Price Target Needham & Company LLC Buy $17.00 to $15.00
2014-04-22 Initiated Coverage Piper Jaffray Overweight $14.00
2014-04-04 Initiated Coverage Northland Securities Market Perform $12.00
2014-04-03 Initiated Coverage Northland Securities Market Perform $12.00
2014-03-20 Initiated Coverage Macquarie Outperform $17.00
2014-03-18 Initiated Coverage Mizuho Buy $17.00
2014-03-12 Boost Price Target Goldman Sachs Buy $18.00 to $20.00
2014-03-10 Initiated Coverage Sanford C. Bernstein Underperform $7.00
2014-02-19 Initiated Coverage Dougherty & Co Buy
2014-01-07 Initiated Coverage Wedbush Outperform $18.00
2013-12-20 Initiated Coverage JMP Securities Market Perform
2013-12-11 Initiated Coverage Craig Hallum Buy
2013-12-10 Initiated Coverage Stephens Overweight
2013-12-02 Upgrade Goldman Sachs Neutral to Buy $41.00 to $18.25
2013-11-27 Initiated Stifel Buy $17
2013-11-27 Initiated Coverage Stifel Nicolaus Buy $17.00
2013-10-31 Boost Price Target Piper Jaffray Overweight $17.50 to $20.00
2013-10-31 Boost Price Target Needham & Company LLC Buy $17.00 to $18.00
2013-10-28 Initiated Northland Capital Market Perform $18
2013-10-28 Initiated Coverage Northland Securities Market Perform $18.00
2013-10-22 Downgrade Goldman Sachs Buy to Neutral $19.00
2013-05-30 Upgrade Needham Hold to Buy $16
2013-01-07 Reiterated Oppenheimer Outperform $23 to $26
2012-12-11 Initiated William Blair Outperform
2012-12-11 Initiated Oppenheimer Outperform $23
2012-12-11 Initiated Needham Buy $21
2012-12-11 Initiated Deutsche Bank Hold $20
2016-05-31 Reiterated Rating Goldman Sachs Hold
2016-05-31 Reiterated Rating Goldman Sachs Group Inc. Hold
2016-05-02 Reiterated Rating BMO Capital Markets Hold
2016-04-05 Downgrade Macquarie Outperform to Neutral
2016-04-05 Downgrade Dougherty & Co Buy to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Kish William S.A. Chief Technology Officer 0.62%  (509541) RKUS /
GOETZ JAMES J 0.17%  (144709) CUDA / JIVE / NMBL / PANW / RKUS /
SC X MANAGEMENT LLC 0.10%  (85994) RKUS /
MAYNARD DENIS V.P.Sales and Field Operations 0.04%  (30186) RKUS /
Martin Steven A. Senior V.P. of Engineering 0.01%  (9438) RKUS /