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Stock Market & Financial Investment News

News Breaks
July 11, 2014
14:15 EDTRKUS, ARUNRuckus, Aruba advance after FCC approves new school WiFi program
Shares of Ruckus Wireless (RKUS) and Aruba Networks (ARUN) are rising after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Ruckus and Aruba provide products used for WiFi networks. WHAT'S NEW: The FCC said it would allocate $2B over the next two years to subsidize the launch of WiFi connections at schools and libraries. For the following three years, the agency said it would look to spend $1B annually on the project. The FCC said the funds would be "distributed fairly to all schools and libraries while recognizing the needs of the nationís rural and poorest school districts." PRICE ACTION: In mid-afternoon trading, Ruckus surged 5.5% to $11.62 and Aruba advanced 4.6% to $17.04.
News For RKUS;ARUN From The Last 14 Days
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July 31, 2014
08:48 EDTRKUSRuckus Wireless price target raised to $17 from $13 at BMO Capital
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July 30, 2014
16:25 EDTRKUSRuckus Wireless sees Q3 EPS 9c-11c, consensus 6c
Sees Q3 revenue $84M-$86M, consensus $85.02M.
16:25 EDTRKUSRuckus Wireless reports Q2 EPS 11c, consensus 5c
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10:00 EDTRKUSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aerohive Networks (HIVE) initiated with an Outperform at Pacific Crest... Cray (CRAY) coverage assumed with a Buy at Needham... Netgear (NTGR) initiated with a Sector Perform at Pacific Crest... NextEra Energy Partners (NEP) initiated with a Market Perform at Wells Fargo... Ruckus Wireless (RKUS) initiated with an Outperform at Pacific Crest.
05:34 EDTRKUSRuckus Wireless initiated with an Outperform at Pacific Crest
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July 24, 2014
10:00 EDTRKUSRuckus Wireless upgraded to Conviction Buy from Buy at Goldman (pre-open)
Pre-open, Goldman added Ruckus Wireless to the Conviction Buy List citing relative valuation, strong secular headwinds, share gains, and new product introductions. Price target is remains $18.

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