PR Newswire (Nov 26, 2013)
PR Newswire (Nov 18, 2013)
PR Newswire (Nov 4, 2013)
PR Newswire (Oct 30, 2013)
National Industrial Manufacturer Selects Ruckus Smart Wi-Fi to Track Products Through its Business ProcessPR Newswire (Oct 23, 2013)
Ruckus Wireless Providing High-Capacity Smart Wi-Fi Network to Thousands of Attendees at Futurecom 2013PR Newswire (Oct 21, 2013)
Millions of Internet Users in Peru to Enjoy More Reliable, Higher Speed Wi-Fi Access with Ruckus Smart Wi-FiPR Newswire (Oct 21, 2013)
PR Newswire (Oct 17, 2013)
Ruckus Wireless Named a Leader in IDC MarketScape: Worldwide Enterprise WLAN 2013-2014 Vendor AnalysisPR Newswire (Oct 16, 2013)
PR Newswire (Oct 8, 2013)
PR Newswire (Sep 26, 2013)
Mobile Operator Consortium in Latin America Kicks Off Major Stadium Wi-Fi Initiative with Ruckus WirelessPR Newswire (Sep 24, 2013)
PR Newswire (Sep 4, 2013)
PR Newswire (Aug 27, 2013)
Ruckus Wireless to Present at Oppenheimer 16th Annual Technology, Internet & Communications ConferencePR Newswire (Aug 6, 2013)
PR Newswire (Jul 31, 2013)
at MarketWatch.com (May 15, 2013)
at MarketWatch.com (May 7, 2013)
at MarketWatch.com (May 7, 2013)
at MarketWatch.com (Nov 16, 2012)
at MarketWatch.com (Nov 16, 2012)
Ruckus is a leading provider of carrier-class Wi-Fi solutions. Our solutions, which we call Smart Wi-Fi, are used by service providers and enterprises to solve network capacity and coverage challenges associated with the rapidly increasing traffic and number of users on wireless networks. Our... More
Wednesday, Dec 119:56 AM
Wednesday, Dec 119:56 AM| 1 Comment
- Ruckus (RKUS +2.9%) has been started at Buy by Craig-Hallum. Stephens started coverage at Overweight yesterday afternoon, Goldman upgraded shares to Buy on Dec. 2, and Stifel launched coverage at Buy on Nov. 27.
- Demand Media (DMD +9.3%) has been upgraded to Market Perform by JMP.
- Radware (RDWR +2.5%) has been upgraded to Outperform by Wells Fargo.
- E2open (EOPN +2.2%) has been started at Buy by Janney.
Tuesday, Dec 102:55 PM
Tuesday, Dec 102:55 PM| 2 Comments
- During a UBS conference talk, AT&T (T -0.5%) CEO Randall Stephenson promises his company will bring last-mile fiber services to markets other than Austin. AT&T has already responded to Google's Austin Fiber announcement by promising to offer 1Gbps services to residents, but has been light on details.
- Stephenson doesn't say where AT&T will offer similar services, but does assert "there are lots of other opportunities around the country," and that "the economics of fiber deployment are really starting to look good in communities like Austin."
- Any large-scale residential fiber rollout could require AT&T to ramp its capex, which the company has generally been loathe to do in recent years.
- Separately, Stephenson notes AT&T is seeing tough competition in the low-end mobile market; the carrier has lost prepaid share this year, though its Q3 numbers suggest it's turning a corner following the launch of its Aio and GoPhone plans.
- Also: In a comment that suggests AT&T (like Verizon) may need to step up its 4G infrastructure spending, Stephenson declares his company is still seeing 50% Y/Y growth in data consumption per smartphone user, thanks to heavy video use.
- With AT&T and Verizon ahead of many foreign carriers in seeing large-scale 4G uptake, their data traffic issues could be a sign of things to come. A pickup in mobile capex to address the issue would benefit infrastructure vendors Nokia (NOK), Alcatel-Lucent (ALU), and Ericsson (ERIC), as well as carrier Wi-Fi vendor Ruckus (RKUS).
Monday, Dec 29:49 AM
Monday, Dec 29:49 AM| Comment!
- Groupon (GRPN -5.4%), OpenTable (OPEN -5%), and Trulia (TRLA -5.4%) have been cut to Neutral by Goldman.
- Sprint (S -2.3%) has been cut to Neutral by Macquarie.
- Rackspace (RAX +3.4%) has been upgraded to Outperform by Raymond James.
- Avago (AVGO +2.7%) has been upgraded to Buy by DA Davidson.
- Marketo (MKTO +7.3%) has been added to Goldman's Conviction Buy list.
- Ruckus (RKUS +3.1%) has been upgraded to Buy by Goldman.
- Palo Alto Networks (PANW -3.2%) has been cut to Outperform from Strong Buy by Raymond James.
- American Superconductor (AMSC -2.5%) has been cut to Neutral by Ascendiant Capital.
- Fairchild (FCS -4.2%) has been cut to Market Perform by Raymond James.
- Tableau (DATA -1.8%) has been started at Sector Perform by RBC.
Wednesday, Nov 275:28 PM
Wednesday, Nov 275:28 PM| Comment!
- Stifel's Sanjiv Wadhwani, who started coverage on Ruckus (RKUS +4.7%) with a Buy and $17 PT today, notes that while U.S. mobile data traffic is expected to rise 53x-153x from 2010-2020 (growth will likely be stronger in some foreign markets), cellular network capacity is only expected to grow 25x. That leads him to think carrier Wi-Fi deployments will see an "inflection point" in 12-18 months.
- Much like William Blair and Piper analysts, Wadhwani sees the arrival of the Hotspot 2.0 standard (allows mobile uses to be automatically logged into carrier Wi-Fi networks) acting as a growth driver.
- He also sees healthy enterprise Wi-Fi growth, thanks in part to the adoption of the new 802.11ac standard (enables transmission speeds of up to 1Gbps), and calls Ruckus' BeamFlex tech "highly differentiated" due to its ability to limit signal interference in noisy environments.
- A number of Wadhwani's arguments for Ruckus are also applicable to rival Aruba (ARUN +1%), which surged last week after posting an FQ1 beat and in-line FQ2 guidance.
Wednesday, Nov 279:47 AM
Wednesday, Nov 279:47 AM| 1 Comment
- TiVo (TIVO -4.7%) has been cut to Equal Weight by Evercore following its Q3 beat. Brean has also weighed in.
- Analog Devices (ADI -5.8%) has been cut to Hold by Drexel Hamilton after missing FQ4 revenue estimates and providing soft FQ1 guidance.
- Twitter (TWTR +1.3%) has been started at Buy by MKM.
- Qunar (QUNR -0.4%) has received two bullish and two neutral ratings on underwriter coverage day.
- Oi (OIBR +2.3%) has been started at Outperform by Bernstein.
- Ruckus (RKUS +2.8%) has been started at Buy by Stifel.
Thursday, Nov 215:40 PM
Thursday, Nov 215:40 PM| Comment!
- Aruba (ARUN) has guided on its FQ1 CC for FQ2 revenue of $165M-$169M and EPS of $0.16-$0.17. That's only in-line with a consensus of $166.1M and $0.16, but is music to the ears of investors nervous following Cisco's numbers and cautious analyst commentary.
- Enterprise/carrier Wi-Fi rival Ruckus (RKUS), which has a habit of moving in the same direction as Aruba, is up 2.3% AH.
- Aruba's FQ1 EPS was boosted by $113M in buybacks. The company announced a new $100M buyback plan last month.
Monday, Nov 185:21 PM
Monday, Nov 185:21 PM| Comment!
- Wells Fargo's Jess Lubert thinks Aruba (ARUN -9.8%) will report solid FQ1 results on Thursday, but also thinks its FQ2 guidance might be in-line "in line to slightly below [Wells Fargo's] estimate of $167 million and consensus of $166 million."
- Lubert is also forecasting FQ2 EPS of $0.15, below a $0.16 consensus. He also thinks the enterprise/carrier Wi-Fi hardware vendor might not meet 2H14 growth and op. margin expectations.
- Though expecting Aruba to likely "remain confident in its ability to capitalize on enterprise wireless demand and the ramp of new product," but could "express incremental near-term caution due to macro concerns and the need to invest for growth."
- Enterprise Wi-Fi kingpin Cisco recently reported only 8% Y/Y Oct. quarter revenue growth for its wireless ops, after reporting 32% growth for the July quarter.
- Rival Ruckus (RKUS -5.8%), which has relatively higher carrier Wi-Fi exposure, also sold off. Shares of both companies have priced in some bad news this year.
Wednesday, Nov 138:34 PM
Wednesday, Nov 138:34 PM| 5 Comments
- Cisco's (CSCO) dispiriting Jan. quarter guidance and Oct. quarter order data has produced an AH selloff in enterprise IT and telecom equipment names, as well as a couple of the companies supplying them. NetApp's below-consensus guidance might not be helping either.
- HPQ -2.1% AH. IBM -1.1%. ALU -2%. FFIV -1.9%. CIEN -0.9%. CAVM -3%. BRCM -1.3%.
- Cisco's slumping FQ1 service provider (-13% Y/Y) and emerging markets (-12%) orders are bound to fuel concerns about carrier capex and macro trends. At the same time, it's worth noting Juniper and Alcatel-Lucent have been seeing better router sales to carriers (though not to Asia), and that Huawei has been doing better in emerging markets.
- The rest of Cisco's order data for major regions and customer groups was relatively better, but not exactly encouraging. Americas orders -2%, EMEA -4%, Asia-Pac (hurt by emerging markets weakness) -9%. Enterprise orders +2%, commercial (SMBs) +1%, public sector -1%.
- Switch sales (31% of revenue) rose 3% Y/Y, while routers (17% of revenue) fell 1%. Collaboration rose 1%, and service provider video fell 14% due to set-top weakness. Cisco's ASR 9000 edge router line, which EZchip (EZCH) supplies network processors for, grew 20% in FQ1 vs. 43% in FQ4.
- Data center (UCS servers) had another strong quarter, growing 44%, but still only accounts for 5% of revenue. Wireless (dominated by Wi-Fi gear) grew only 8% after growing 32% in FQ4 (could be a negative for ARUN and RKUS).
- John Chambers was asked on the CC (transcript) if the NSA spying uproar was affecting Cisco. He admitted it's a problem in China, but denied it was a major issue elsewhere.
Wednesday, Oct 304:53 PM
Wednesday, Oct 304:53 PM| 1 Comment
- JDS Uniphase (JDSU) expects FQ2 revenue of $420M-$440M, below a $456.9M consensus. Shares -6% AH. (FQ1 results, PR)
- Jive Software (JIVE) expects Q4 revenue of $38.5M-$39.5M and EPS of -$0.15 to -$0.17 vs. a consensus of $40.1M and -$0.16. Shares -9.6% AH. (Q3 results, PR)
- Ruckus (RKUS) expects Q4 revenue of $70M-$73M and EPS of $0.04-$0.05 vs. a consensus of $72.7M and $0.05. Shares -1.8% AH. (Q3 results, PR)
- ROVI expects 2013 revenue of $585M-$615M and EPS of $1.70-$2.00, largely below a consensus of $613.6M and $1.95. Shares -7.8% AH. (Q3 results, PR)
Wednesday, Oct 304:15 PM
Wednesday, Oct 301:19 PM
Wednesday, Oct 301:19 PM| Comment!
- Several telecom equipment vendors and component suppliers are selling off in sympathy with Calix (CALX -22.7%) and Cyan (CYNI -31.8%), each of which is crashing due to the poor Q4 guidance (I, II) provided with its Q3 results. Both companies are heavily dependent on U.S. telco spending.
- Calix blamed its guidance on soft demand from tier-2 and tier-3 carriers, while Cyan blamed "cautious order patterns" caused by macro issues. On its CC (transcript), the company noted orders from top customer Windstream will be "substantially down compared to prior quarters."
- Notable decliners include Finisar (FNSR -7.3%), JDS Uniphase (JDSU -3%), Ruckus (RKUS -6.6%), Applied Micro (AMCC -3.8%), Procera (PKT -4.1%), Allot (ALLT -3.8%), Ciena (CIEN -2.7%), and Alliance Fiber (AFOP -7.7%). JDS and Ruckus report after the bell; Allot and Procera rallied yesterday in response to the former's Q3 report.
- Several industry names sold off last Thursday due to Infinera's soft Q4 guidance. Infinera said at the time it doesn't "expect significant budget flush or year-end money" from carriers.
Monday, Oct 289:52 AM
Monday, Oct 289:52 AM| Comment!
- Baidu (BIDU -1.5%) has been cut to Hold by BNP Paribas prior to tomorrow's Q3 report.
- ARM (ARMH -0.8%) has been cut to Hold by Benchmark six days after posting Q3 results. UBS cut shares to Neutral last Wednesday.
- Audience (ADNC -4.6%), meanwhile, has received a similar downgrade from Benchmark in advance of a Thursday Q3 report.
- Trimble (TRMB -2.7%) has been cut to Hold by Needham ahead of Thursday's Q3 report.
- AutoNavi (AMAP -1.9%) has been cut to Sector Perform by Pac Crest.
- DuPont Fabros (DFT -2.2%) has been cut to Neutral by Baird four days after delivering a Q3 beat.
- SolarCity (SCTY +1.3%) has been started at Outperform by Credit Suisse; Q3 results are due on Nov. 6.
- Ruckus (RKUS +1.5%) has been started at Outperform by Northland ahead of Wednesday's Q3 report.
- Gigamon (GIMO +1.3%) has been started at Outperform by William Blair; Q3 results arrive on Nov. 4.
- International Game Technology (IGT +2.8%) has been started at Buy by Citi.
Wednesday, Oct 232:23 PM
Wednesday, Oct 232:23 PM| Comment!
- The soft Q4 top-line guidance provided with Juniper's (JNPR -5.9%) Q3 beat has led shares to fall below $20. Several peers are also off on a down day for tech: FFIV -4.3% (reporting after the close). DRWI -3.9%. PKT -2.8%. RKUS -2.6%. CIEN -2.4%. RVBD -2.2%.
- On its CC, Juniper attributed its guidance to U.S. federal weakness caused in part by the government shutdown, and called the macro environment "dynamic." The company also disclosed it's cutting another 280 jobs (~3% of its workforce) in Q4, and that it's in the "later stages" of its search for a replacement for departing CEO Kevin Johnson.
- Some of the job cuts are related to Juniper's decision to kill off its MobileNext 3G/4G infrastructure software line.
- The sell-side is nervous about declining enterprise sales, caused in large part by security share losses. Juniper promises a resumption of security growth in 2014; favorable comps should make that easier.
- Carrier routers continue to be a bright spot: MX series edge router sales rose 15% Q/Q, and core router sales 11% Q/Q. Both Cisco and Juniper have been seeing strong edge router demand in recent quarters.
- Juniper also states it's seeing healthy carrier demand in all three major geographies. However, Americas demand is generally stronger than EMEA and Asia-Pac demand.
Tuesday, Oct 2212:28 PM
Tuesday, Oct 2212:28 PM| Comment!
- Goldman's Simona Jankowski has cut Ruckus (RKUS -5.6%) to Neutral, but isn't changing her $19 PT. She's still upbeat about improving carrier spending, higher peer multiples, positive Wi-Fi industry datapoints, and M&A speculation, but thinks shares are fully valued at 36x 2015E EPS and 4.6x 2014E EV/sales.
- Jankowski upgraded Ruckus to Buy on May 17; shares were up 30% going into today.
- Q3 results are due on Oct. 30.
Friday, Oct 1812:55 PM
Friday, Oct 1812:55 PM| Comment!
- Reuters reports Motorola Solutions (MSI +0.1%) is thinking of selling its slumping enterprise Wi-Fi unit. One source cautions talks are in their early stages.
- Motorola's Wi-Fi division sales fell by a mid-single digit % Y/Y in Q2, and by 30% in Q1. By contrast, IDC estimates global enterprise Wi-Fi sales rose 14.8% during the quarter.
- Potential buyers include rivals Aruba (ARUN +1%), Ruckus (RKUS +0.1%), and Ubiquiti (UBNT +3%). Market leader Cisco could also make a bid, but with the company already having an estimated 58.4% Q2 share (per IDC), regulators might not be thrilled. Also, Cisco is in the midst of integrating Wi-Fi hardware/software vendor Meraki, which it bought for $1.2B.
- Motorola's total enterprise sales fell 12% Y/Y in Q2, if one excludes the impact of the Psion acquisition; the Wi-Fi unit accounted for 8% of 2012 enterprise sales, or $216.7M. Q3 results arrive on Wednesday.
Friday, Oct 45:38 PM
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