Ruckus +10.1% AH thanks to Q2 beat, in-line guidance, low expectations

Ruckus' (RKUS) Q3 guidance is for revenue of $66M-$69M and EPS of $0.04 vs. a consensus of $67.6M and $0.04.

Q2 beat fueled by 62% Y/Y EMEA growth. Americas +31%.

2.9K new enterprise end-customers added.

Shares were crushed in May thanks to a Q1 miss and light guidance, leaving investor expectations low.

Piper's bullish coverage launch and Needham's upgrade look smart.

CC at 5PM ET (webcast)

Enterprise/carrier Wi-Fi rival Aruba (ARUN), whose shares have also plunged, is up 0.7%.

Q2 results, PR

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