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Fly News Breaks for November 9, 2015
RKUS
Nov 9, 2015 | 08:35 EDT
Goldman added Ruckus to the Conviction Buy List and said the pullback following the Q3 report is an opportunity to add to positions. Analyst Doug Clark sees multiple sources of upside including entering the controller-less WiFi market, a pick-up in Service Provider WiFi engagement, retaining a leadership position in the Wave 2 technology cycle, partnerships with Juniper and Brocade, and further E-rate funding allocations. Clark rates shares a Buy with a $16 price target.
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