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Tuesday, Jul 2
Ruckus (RKUS +8.6%) is skying higher following Piper's bullish coverage launch. Analyst Gus...
Ruckus (RKUS +8.6%) is skying higher following Piper's bullish coverage launch. Analyst Gus Richard predicts 2/3 of mobile data traffic will be offloaded onto Wi-Fi and small cell networks by 2017, up from ~1/3 in 2012, and observes the new Hotspot 2.0 standard will allow consumers to seamlessly connect to carrier Wi-Fi networks. He also reports Ruckus' SmartCell Gateway controller (believed to carry high margins) is "in production at several operators," that pushed-out Chinese orders will return, and that new carrier deal announcements will act as catalysts. Richard's commentary also has implications for rival Aruba (ARUN +1.4%).