Tag Archives: hive

Ruckus Bulls Expect Upside From Cable Wi-Fi, OpenG Initiative

Ruckus Wireless ( RKUS ) could get a boost from increased spending on public Wi-Fi networks by cable TV companies as well as its push into a new market — LTE wireless data services that use high-frequency 3.5 GHz spectrum, say analysts. Ruckus, a maker of Wi-Fi networking gear, competes with Cisco Systems ( CSCO ), Hewlett Packard Enterprise ( HPE ), Aerohive Networks ( HIVE ) and others. Ruckus stock was up a fraction in midday trading on the stock market today , near 9.75, but it’s down 9% this year after falling nearly 11% last year, amid a slowdown in education spending on wireless networks. Ruckus has a IBD Composite Rating of 70, where 99 is highest. Ruckus stock touched an all-time low of 7.25 on Feb. 10. On Friday, BTIG analyst Walt Piecyk initiated coverage on Ruckus with a buy rating. “We expect Ruckus to generate 16% revenue growth in 2016, an acceleration from last year’s 14% growth rate,” wrote Piecyk. “We expect 2017 revenue growth of 16% but note that if a cable operator were to initiate a new investment program, Ruckus would have the opportunity to accelerate the top line.” Ruckus sells Wi-Fi gear to the enterprise market — big corporate, government, education and health system customers. One concern among analysts is its exposure to China’s telecom market. In late 2017, Ruckus could get a lift from a new product cycle, says Jason Ader, an analyst at William Blair. Ruckus is targeting in-building wireless networks that use 3.5 GHz spectrum, using a technology called OpenG. Ruckus is working on OpenG with Qualcomm ( QCOM ), Nokia ( NOK ) and Alphabet ’s ( GOOGL ) Google. “Ruckus management is confident in driving adoption of OpenG over time and expects revenue impact in the second half of 2017,” wrote Ader in a research report. “We view the in-building cellular opportunity as an excellent strategic fit with Ruckus’ existing business and a material growth catalyst longer term, especially as the Wi-Fi market matures.”

Aruba, Wi-Fi Gear Makers Seen Competing In Software

Corporate upgrades to next-generation Wi-Fi technology will boost network gear makers, but share gains are largely already built into stocks, says Morgan Stanley. Analyst James Faucette rates Aruba Networks (ARUN), Aerohive Networks (HIVE) and Ubiquiti Networks (UBNT) equal weight, and Ruckus Wireless (RKUS) as underweight. The enterprise market — big corporate, government, education and health system customers — has the highest average selling

Aerohive Challenging Motorola And HP In Wireless

Aerohive Networks (HIVE) is challenging rivals such as Motorola (MSI), Hewlett-Packard (HPQ) and Juniper Networks (JNPR) in the wireless networking equipment market as use of mobile devices explodes and companies look for better ways to manage usage growth. That was the upshot from a presentation by David Flynn, Aerohive’s chief executive, at William Blair & Co.’s annual growth stock conference in Chicago on Thursday. Aerohive is a fast-growing