Boston, MA 06/18/2013 (wallstreetpr) – The share prices of Ruckus Wireless Inc. (NYSE:RKUS) had surged by 8.52 percent to close at $11.59 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $10.62 to $11.76 per share during the day, after opening the week at $10.86 per share. The shares of Ruckus Wireless Inc. (NYSE:RKUS) had recorded 52 week high price level of $26.50 per share and 52 week low price level of the company is at $10.24 per share.
Ruckus Wireless Inc. (NYSE:RKUS), a provider of Wi-Fi solutions called Smart Wi-Fi, serves the internet service providers and enterprises to solve network challenges. The company had recently announced the launch of its new Ruckus Zone Flex 7781CM outdoor access point (AP) with Ruckus Beam Flex adaptive antenna technology. Ruckus Wireless Inc. (NYSE:RKUS) had said that this launch is another key ingredient of the Ruckus Small cell Architecture, which is aimed at providing a proven recipe for building carrier class Wi-Fi networks to deal with wireless data challenges across the industry.
The outdoor access point can thus be strand mounted on a multiple system operators’ aerial cable plant or it can also be pedestal, wall or pole mounted as required. This new antenna adaptive technology provides greatly improved end user experience in wide variety of outdoor deployment scenarios and results in considerable increase of subscriber gain.
The shares of Ruckus Wireless Inc. (NYSE:RKUS) had recently been surging from the bottoms touched last week. The company had witnessed the trade of 1.62 million shares on Monday, while the average trading volume of the company is at 1.46 million shares per day.
Ruckus Wireless Inc. (NYSE:RKUS) presently holds 74.37 million shares outstanding in the market with an institutional ownership of 39 percent of its holdings.