Ruckus (RKUS) blames its Q1 miss on "delayed deployments by several service provider customers...

|About: Ruckus Wireless (RKUS)|By:, SA News Editor

Ruckus (RKUS) blames its Q1 miss on "delayed deployments by several service provider customers in the Americas, as well as challenging market conditions in China;" company insists competition isn't a factor. Q2 guidance is for revenue of $61M-$64M and EPS of $0.03-$0.04, largely below a consensus of $67.1M and $0.04. Gross margin rose 170 bps Q/Q and 390 bps Y/Y to 67.9%, a big reason the EPS miss wasn't as bad as the revenue miss. Opex +62% Y/Y, well above rev. growth of 27%. RKUS -17.9% AH. ARUN -2.8% in sympathy. CC at 5PM ET (webcast). (PR)