Market Overview

UPDATE: Goldman Sachs Initiates Ruckus Wireless at Neutral on Valuation

Share:
Related RKUS
Goldman: Ruckus Wireless Is No Longer On Our Conviction Buy List
Fast Money Picks For March 20: Ruckus, U.S. Steel, Live Nation, Adobe
Ruckus names enterprise sales vet Whiting its new sales chief (Seeking Alpha)

Goldman Sachs initiated coverage on Ruckus Wireless (NYSE: RKUS) with a Neutral rating and a $20 price target.

Goldman Sachs said, "We see Ruckus as able to deliver sector-leading top-line growth (CY11-15E CAGR of 38%) on strong secular growth in the Service Provider (SP) and Enterprise Wi-Fi segments, with potential gross margin expansion and operating leverage driving even faster earnings growth (CY11-15E net income CAGR of 59%). However, the sharp rise in the shares since the Nov. 16 close (+55% vs. S&P +4%) makes the risk/reward more balanced at current levels in our view, with RKUS now at a CY13 EV/S multiple of 5.9X."

Ruckus Wireless closed at $18.96 on Monday.

Latest Ratings for RKUS

DateFirmActionFromTo
Apr 2015Goldman SachsDowngradesConviction BuyBuy
Feb 2015Deutsche BankMaintainsHold
Jan 2015CitigroupInitiates Coverage onBuy

View More Analyst Ratings for RKUS
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (RKUS)

Around the Web, We're Loving...