Ruckus Wireless Inc (RKUS) Files Form 4 Insider Selling : Seamus Hennessy Sells 60,800 Shares

Ruckus Wireless Inc (RKUS): Seamus Hennessy , Chief Financial Officer of Ruckus Wireless Inc sold 60,800 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $13.59 per share for a total value of $824,696.31 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Ruckus Wireless Inc is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 13.50 from a previous price target of $12 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 5, 2016.Ruckus Wireless Inc is Downgraded by Macquarie to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 5, 2016.Ruckus Wireless Inc is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 5, 2016.Ruckus Wireless Inc is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 5, 2016.Ruckus Wireless Inc is Downgraded by Dougherty & Company to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 5, 2016.

Currently the company Insiders own 12.3% of Ruckus Wireless Inc shares according to the proxy statements.Institutional Investors own 78.71% of Ruckus Wireless Inc shares.During last six month period, the net percent change held by insiders has seen a change of -6.98%.

Ruckus Wireless Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in Ruckus Wireless Inc which led to swings in the share price. The shares opened for trading at $13.77 and hit $13.93 on the upside , eventually ending the session at $13.78, with a gain of 0.44% or 0.06 points. The heightened volatility saw the trading volume jump to 16,44,977 shares. The 52-week high of the share price is $13.94 and the company has a market cap of $1,236 M . The 52-week low of the share price is at $7.25.

Ruckus Wireless Inc Money Flow Index Chart

Ruckus Wireless Inc. is a global supplier of carrier-class wireless fidelity (Wi-Fi) solutions. The Company’s Smart Wi-Fi solutions are used by service providers and enterprises to solve a range of network capacity coverage and challenges associated with wireless traffic demands created by the growth in the number of users equipped with smart wireless devices using data rich applications and services. It markets its products and technology through a network of channel partners to a range of service providers and enterprises. Its products include hardware gateways; controllers; wireless bridges; indoor and outdoor access points; gateway and controller software platforms; software management solutions including reporting and analytics and Wi-Fi-related cloud services such as location-based positioning and public access. Its Smart WiFi technologies include Smart Radio SmartCast Smart Mesh SmartCell Set-It-And-Forget-It and Smart Scaling.

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