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Stock Market & Financial Investment News

News Breaks
July 11, 2014
13:17 EDTRKUSFCC approves $2B fund for school Wi-Fi, Re/code reports
The Federal Communications Commission voted to approve a plan whereby schools will soon be able to apply for grants from a $2B fund to help pay for Wi-Fi networks, reported Re/code. Shares of Ruckus Wireless (RKUS), a provider of Wi-Fi solutions, are up nearly 5% in afternoon trading following the FCC vote. Reference Link
News For RKUS From The Last 14 Days
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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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