Ruckus Sales Outlook Weak On Education Spending
Ruckus Wireless (RKUS) stock fell Wednesday after the maker of Wi-Fi and other wireless network gear posted revenue late Tuesday that fell short of Wall Street expectations. On a conference call with analysts, Ruckus executives attributed the weak sales forecast to a slowdown in education spending. The enterprise market — big corporate, government, education and health system customers — has the highest average selling prices and margins for