Ruckus Wireless drops 17 percent

The price of Ruckus Wireless (RKUS) shares dropped 17 percent yesterday to $15.80 after the company reported Q1 2013 revenues and earnings that were below analysts’ expectations. Ruckus Wireless announced that Q2 2013 revenues would also be lower than expected. This brings the price of RKUS shares close to the IPO price of $15. The company blames the disappointing results on delays by carriers in deploying its equipment in the Americas and slower sales in China.

In November 2012, Ruckus went public at $15 per share. The stock price sank 18 percent on the first day of trading to $12.25 per share, but since then has gone up to a high of $26.50 per share. Needless to say, a volatile stock!

See these articles about Ruckus Wireless (and comparisons with Aruba, Ubiquiti):

Cisco buys Meraki for $1.2B, makes Ruckus and Aruba look undervalued

Ruckus Wireless IPO disappoints

The Risks of Investing in Ruckus Wireless shares