- Seven months after yanking Ruckus (RKUS +1.5%) from its Conviction Buy list (weak education market retail checks were cited), Goldman has placed the carrier/enterprise Wi-Fi hardware vendor back on it.
- Potential catalysts cited by Goldman's Doug Clark included Ruckus' entry into the controller-less Wi-Fi market (via its Ruckus Unleashed access points), a pickup in service provider engagements, a leadership position in the 802.11ac Wave 2 upgrade cycle, further FCC E-Rate funding allocations, and partnerships with Juniper and Brocade.
- Shares are up moderately on a day the Nasdaq is down 1.4%. They sold off two weeks ago in response to the soft guidance provided with a Q3 beat.