In a report published Wednesday, Stifel analyst Sanjiv Wadhwani initiated coverage on Ruckus Wireless RKUS 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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