Topic: How To Invest

Pat: What can you tell us about Ruckus Wireless (RKUS)? Thanks.

Article Excerpt

Ruckus Wireless Inc., $9.52, symbol RKUS on New York (Shares outstanding: 89.7 million; Market cap: $881.1 million; www.ruckuswireless.com), makes equipment that helps wireless carriers, high-speed Internet providers, individual businesses and schools improve the performance of their Wi-Fi networks. The company’s proprietary Smart Wi-Fi technology automatically adjusts wireless signal strength, frequencies and coverage area depending on the distance between the user and any physical obstacles such as walls. Over 260 wireless carriers and 65,000 businesses have now installed Ruckus’s equipment. The company first sold shares to the public on November 16, 2012, for $15.00 each. In October 2015, Ruckus paid $9.0 million for Cloudpath. This firm makes software that improves the security of Wi-Fi networks. This technology should give Ruckus’s products an advantage over competing gear. If you disregard costs to integrate Cloudpath and other unusual items, the company earned $42.4 million in 2015. That’s up 0.8% from $42.0 million in 2014. Due to more shares outstanding, earnings per share fell 2.3%, to $0.43 from…