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Ruckus Wireless, Inc. RKUS saw a big move last session, as the company's shares fell by nearly 8 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading within the volatile price range of $13.5 to $15.3 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the provider of carrier-class Wi-Fi solutions has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RKUS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Wireless National industry include Meru Networks, Inc. MERU and Inteliquent, Inc. IQNT. Both the stocks carry Zacks Rank #2 (Buy).
Investors interested in the Computer and Technology sector may consider a better-ranked stocklike Ametek Inc. AME which carries a Zacks Rank #2 (buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
This slump shouldn't be too much of a surprise to investors, as the provider of carrier-class Wi-Fi solutions has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RKUS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Wireless National industry include Meru Networks, Inc. MERU and Inteliquent, Inc. IQNT. Both the stocks carry Zacks Rank #2 (Buy).
Investors interested in the Computer and Technology sector may consider a better-ranked stocklike Ametek Inc. AME which carries a Zacks Rank #2 (buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
INTELIQUENT INC IQNT: Free Stock Analysis Report
MERU NETWORKS MERU: Free Stock Analysis Report
RUCKUS WIRELESS RKUS: Free Stock Analysis Report
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