Ruckus Q4 Earnings, Q1 Outlook Beat, But Stock Falls
Shares of Ruckus Wireless (RKUS) were down nearly 6% in after-hours trading Tuesday, after the highflying IPO's results and guidance beat views, but perhaps not by as much as some investors hoped. In a pre-earnings research note released Monday, William Blair analyst Jason Ader said, "We believe the stock is likely to be driven by upward revisions to revenue and earnings, which we believe will be significant given the carrier Wi-Fi market's growth
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