UPDATE: Stifel Initiates Coverage on Ruckus Wireless as Service Provider Wi-Fi Build Outs Drive Growth

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In a report published Wednesday, Stifel analyst Sanjiv Wadhwani initiated coverage on
Ruckus WirelessRKUS
with a Buy rating and $17.00 price target. In the report, Stifel noted, “We are initiating coverage of Ruckus Wireless, Inc. with a Buy rating on the shares and a target price of $17. Ruckus is a pure-play Wi-Fi equipment vendor selling access points, controllers, and gateways to service providers and enterprises.” Ruckus Wireless closed on Tuesday at $12.47.
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Posted In: Analyst ColorInitiationAnalyst RatingsSanjiv WadhwaniStifel
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