Quarterly Earnings Review - Report on Ruckus Wireless

Aug 07, 2015, 09:20 ET from www.aciassociation.com

NEW YORK, August 7, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Ruckus Wireless, Inc. (NYSE: RKUS). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=RKUS  

Highlights from our RKUS Report include:

  • Top-line Performance Review - On July 29, 2015, the wireless (Wi-Fi) networking equipment manufacturer, Ruckus Wireless, Inc.(Ruckus Wireless) published results for the second quarter ended June 30, 2015. During the quarter, the Company showcased a 13.86% YoY growth in its revenue to $92.23 million. As per the Company, American region registered a 19.1% YoY growth in revenue followed by 13.0% and 4.3% YoY growth in revenue from the APAC and EMEA regions, respectively.
  • Management's Comments -- Commenting over the results, the President and Chief Executive Officer, Selina Lo said, "We are very pleased with our results in the second quarter, as we displayed strength across all of our geographies and verticals." She further added, "Ruckus reported revenue above our guidance and market share gains based on the latest WLAN market reports from Dell'Oro and Infonetics."
  • Performance at Operational Front - During the quarter, its gross profit surged 10.68% YoY to $61.83 million. Meanwhile, operating expenses for Q2 grew 16.89% YoY to $60.46 million. Furthermore, the Company reported a 66.94% YoY decline in its operating income to $1.37 million, in Q2 2015. On non-GAAP basis, its operating income stood at $9.4 million in Q2 2015 reflecting a 15.32% YoY decline.
  • Bottom-line Review - Ruckus Wireless recorded a net income of $0.76 million for the second quarter of the current fiscal compared to $1.44 million reported in the corresponding period of the previous year.  Diluted net income per share stood at $0.01 compared with $0.02 for Q2 2014. Non-GAAP net income, on the other hand, came in at $9.2 million for Q2 2015, compared to $10.8 million for Q2 2014.
  • Other Business Highlights - During the quarter, Ruckus Wireless entered into a partnership with Juniper Networks to collaborate on unified wired and wireless solutions and global go-to-market opportunities for mid-size and large enterprise customers. While informing about the new launches, the Company said that, during the quarter, Ruckus Wireless launched a free cloud service called CloudManager™ service for Xclaim™ along with a carrier-grade solution known as new SmartZone™ software platform.

To find out how this influences our rating on Ruckus Wireless, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=RKUS

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