Light Reading
Wi-Fi firm Ruckus files for an initial public offering that could raise up to $100M

Ruckus Wireless Goes for an IPO

Michelle Donegan
LR Mobile News Analysis
Michelle Donegan
10/8/2012
50%
50%

After months of teasing, Wi-Fi specialist Ruckus Wireless Inc. (NYSE: RKUS) filed for an initial public offering (IPO) in the U.S. on Friday. (See Ruckus Guns for an IPO.)

According to the S-1 filing with the Securities and Exchange Commission (SEC) , Ruckus could raise up to US$100 million from its stock offer, but the company did not state how many shares will be offered or the price range for those shares.

The unaudited financial figures published in the S-1 reveal solid revenue growth and a recent shift into profitability for the Wi-Fi firm. Ruckus recorded revenue of $93.9 million in the first six months of 2012, up from $47.3 million in the same period last year, according to the regulatory document. The company's net income for the first half of 2012 was $24.3 million, compared with a loss of $862,000 in the first half of 2011.

Ruckus sells its Wi-Fi access points, controllers and gateways to service providers as well as enterprise customers. The company says it has 45 carrier customers, among which are Bright House Networks , The Cloud , KDDI Corp. , Tikona Digital Networks Pvt. Ltd. , Time Warner Cable Inc. (NYSE: TWC) and Towerstream Corp. (Nasdaq: TWER). (See Ruckus Makes Over KDDI With Wi-Fi Offload.)

The company considers its main competitors to be Cisco Systems Inc. (Nasdaq: CSCO), Ericsson AB (Nasdaq: ERIC) (since it acquired BelAir in Febuary this year), Hewlett-Packard Co. (NYSE: HPQ), Motorola Solutions Inc. (NYSE: MSI) and Aruba Networks Inc. (Nasdaq: ARUN). (See Ericsson Adds Wi-Fi With BelAir Buy .)

Ruckus did not reveal specific plans for what it would do with the proceeds from the stock offering, but said that the funds would go toward working capital and general business purposes, such as sales and marketing and product development.

Based in Sunnyvale, Calif., Ruckus had 559 employees at the end of June 2012 and offices in China, India, Japan, Taiwan and the U.K.

Why this matters
The demand for carrier Wi-Fi is hot, as fixed and mobile operators look to deploy the wireless technology to add capacity and coverage where cellular networks are congested. Ruckus's revenue figures and recent service provider customer wins show this trend clearly.

But the move to go for an IPO also indicates how Ruckus needs to get bigger to compete with the likes of Cisco and Ericsson for carrier Wi-Fi deals with larger service providers. The company recently partnered with Nokia Networks to address the service provider market, but an IPO would give the company another boost. (See NSN Raises a Wi-Fi Ruckus and Will NSN Play the Wi-Fi Field?)

For more



— Michelle Donegan, European Editor, Light Reading Mobile

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
AESerm
50%
50%
AESerm,
User Rank: Light Beer
12/5/2012 | 5:19:37 PM
re: Ruckus Wireless Goes for an IPO


Timing looks auspicious for this Wi-Fi company with the attitude. Dell 'Oro says that service provider Wi-Fi along is doubling ($150m to $300m) this year over last. Ruckus does enterprise, too, but must be taking a large share of the SP market. Is it still a secret what Ericsson paid for Bel Air? 

FastCache
50%
50%
FastCache,
User Rank: Light Beer
12/5/2012 | 5:19:33 PM
re: Ruckus Wireless Goes for an IPO


With fewer floatations of networking companies over the past few years it is encouraging to see Ruckus step up with an IPO.

Educational Resources
sponsor supplied content
Educational Resources Archive
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Huawei Video Resource Center
Dr. Dong Sun Talks About Carriers' Digital Transformation & Huawei’s Telco OS

1|29|15   |   6:28   |   (0) comments


Dr. Dong Sun, Chief Architect of Digital Transformation Solutions at Huawei, discusses how telecom operators can become digital ecosystem enablers and deliver optimal user experiences that are in real-time, on-demand, all-online, DIY and social (ROADS).
LRTV Huawei Video Resource Center
Huawei's Chief Network Architect Talks about Network Experience & Operators’ Strategies

1|29|15   |   3:39   |   (0) comments


In the digital age, network experience has become the primary productivity especially for telecom operators. In this video, Wenshuan Dang, Huawei’s Chief Network Architect, discusses how carriers can tackle the challenge of infrastructure complexity in order to enhance business agility and improve user experience.
LRTV Documentaries
The Rise of Virtual CPE

1|27|15   |   01:38   |   (5) comments


As NFV strategies evolve from tests and trials to production telco networks, expect to hear a lot about virtual CPE (customer premises equipment) rollouts during 2015.
LRTV Documentaries
Optical Is Hot in 2015

1|23|15   |   01:56   |   (2) comments


Optical comms technology underpins the whole communications sector and there are some really hot trends set for 2015.
LRTV Custom TV
Policy Control in the Fast Lane

1|22|15   |   2:57   |   (0) comments


What's making policy control strategic in 2015 and beyond? Amdocs talks with Heavy Reading's Graham Finnie about the key factors driving change in the data services landscape. Find out what his policy management research reveals about the road ahead for policy control – and sign up for
LRTV Documentaries
Highlights From the 2020 Vision Executive Summit

1|21|15   |   4:33   |   (2) comments


In December 2014, Light Reading brought together telecom executives in Reykjavik, Iceland to discuss their vision for high-capacity networks through the end of the decade. The intimate, interactive meeting was set against the backdrop of Iceland's spectacular natural beauty. As one of the event's founding sponsors, Cisco's Doug Webster shared his company's ...
LRTV Huawei Video Resource Center
Huawei Pay-TV Partner Harmonic, Helping Carriers Accelerate 4K Video Deployment with Huawei

1|20|15   |   5:42   |   (1) comment


At IBC, Peter Alexander, Senior Vice President & CMO at Harmonic, speaks about the growing interest in pay-TV service and its branching into multiple devices.
LRTV Huawei Video Resource Center
Sony Marketing Director Olivier Bovis Discusses the Outlook for 4K and Cooperation With Huawei at IBC 2014

1|20|15   |   6:50   |   (0) comments


At IBC, Olivier Bovis, Marketing Director of Sony, speaks about the coming of the 4K era.
LRTV Huawei Video Resource Center
Huawei Pay-TV Partner Envivio, Helping Carriers Accelerate 4K Video Deployment

1|20|15   |   2:57   |   (0) comments


At IBC, Olivier Bovis, Marketing Director of Sony, speaks about the coming of the 4K era.
LRTV Huawei Video Resource Center
Pay-TV's Networked Future

1|20|15   |   6:29   |   (0) comments


At IBC, Jeff Heynen, Principal Analyst at Infonetics, speaks about the future of the pay-TV industry and its transition.
LRTV Huawei Video Resource Center
Jeff Heynen: Distributed Access Will Help MSOs Compete in the Future

1|20|15   |   2:26   |   (0) comments


At IBC, Jeff Heynen, Principal Analyst at Infonetics, speaks about moving to distributed access and the future trend of cable business.
LRTV Interviews
Cisco Talks Transformation

1|20|15   |   13:02   |   (0) comments


In December 2014, Steve Saunders sat down with Cisco VP of Products & Solutions Marketing Doug Webster at Light Reading's 2020 Vision executive summit in Reykjavik, Iceland. They spoke about Cisco's approach to network virtualization as well as how service providers can begin to monetize high-capacity networks through the end of the decade.
Upcoming Live Events
February 5, 2015, Washington, DC
February 19, 2015, The Fairmont San Jose, San Jose, CA
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 8, 2015, Chicago, IL
June 9-10, 2015, Chicago, IL
June 9, 2015, Chicago, IL
September 9-10, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
November 11-12, 2015, The Westin Peachtree Plaza, Atlanta, GA
December 1, 2015, The Westin Times Square, New York City
December 2-3, 2015, The Westin Times Square, New York City
Infographics
Hot Topics
Google Continues Gigabit Expansion
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 1/27/2015
Comcast Apologizes to 'A**hole' Brown
Mitch Wagner, West Coast Bureau Chief, Light Reading, 1/29/2015
Cablevision's New WiFi Try – Freewheeling Enough?
Mari Silbey, Independent Technology Editor, 1/26/2015
Overture Builds on NFV Foundation
Mitch Wagner, West Coast Bureau Chief, Light Reading, 1/27/2015
Bumper iPhone Sales Boost Apple Profits
Iain Morris, News Editor, 1/28/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Weekly Executive Interview
Join us live for Light Reading's interview with Jay Samit, the newly appointed CEO of publicly traded SeaChange International Inc. With a resume that includes Sony, EMI, and Universal, Samit brings a reputation as an entrepreneur and a disruptor to his new role at the video solutions company. Hear what he has to say about the opportunities in video, as well as the outlook for cable, telco, OTT and mobile service providers.