& cplSiteName &

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), HP Inc. (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        ADD A COMMENT
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
From The Founder
The independent evaluation of Nokia's key virtual network functions (VNFs) was a defining moment for the Finnish giant.
Flash Poll
Live Streaming Video
Charting the CSP’s Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it’s going from two industry veterans.
LRTV Custom TV
Cisco's Innovations in Cable

5|26|16   |   03:18   |   (0) comments


Marc Aldrich from Cisco discusses the latest in security, the evolution and momentum for CCAP and what the industry will be seeing next from Cisco.
LRTV Documentaries
Leading Lights 2016 Highlights

5|25|16   |   02:26   |   (1) comment


Some of the high points from this year's Leading Lights awards dinner at the Hotel Ella in Austin, Texas.
LRTV Documentaries
Light Reading Hall of Fame 2016

5|23|16   |   05:43   |   (0) comments


Find out who has been welcomed into Light Reading's Hall of Fame this year.
LRTV Custom TV
ZTE TM Forum Highlights

5|23|16   |     |   (0) comments


ZTE showcased its new ICT solutions at TM Forum in Nice.
LRTV Interviews
Gamma's MD on the Emergence of UC2

5|20|16   |     |   (0) comments


Gamma Communications Managing Director David Macfarlane believes the unified communications (UC) market has reached a tipping point.
LRTV Custom TV
The Ultimate 5-Minute Guide to Digital Customer Engagement

5|20|16   |     |   (0) comments


In this short video, you will hear all about how Digital Customer Engagement is the key to meeting customer expectations, keeping them happy, and maximizing revenue. VP Product & Marketing at Pontis, Ofer Razon, breaks down for us the five essential capabilities for successful Digital Customer Engagement. Don’t miss!
LRTV Custom TV
NFV in 2016: Part 1 – NFV Use Cases Get Real

5|19|16   |   05:57   |   (0) comments


Consensus is building around the key use cases for NFV, including managed IP services at the network edge and on customer premises, which can generate new revenues from enterprises/SMBs and consumers; Evolved Packet Core to support LTE migration; and adjacent technologies, such as TAS and IMS, to support VoLTE and next-generation charging and policy control ...
LRTV Custom TV
Nokia's Steve Vogelsang on NFV – Part 3

5|19|16   |     |   (0) comments


Steve Vogelsang discusses the challenges of operational transformation and how Nokia helps its customers. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
LRTV Interviews
Level 3: Why UC Is In Demand

5|17|16   |   04:12   |   (1) comment


Andrew Edison, Level 3's senior VP of sales, EMEA region, talks about the drivers of growth in the unified communications services market.
LRTV Custom TV
ARM's OPNFV Action

5|17|16   |     |   (0) comments


At the ARM booth at MWC 2016, Joe Kidder and Bob Monkman speak to Light Reading about OPNFV and their upcoming action.
LRTV Custom TV
Nokia's Steve Vogelsang on NFV – Part 2

5|16|16   |     |   (0) comments


Steve Vogelsang gives advice to service providers on how to move to NFV. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
LRTV Interviews
Interoute CTO on NFV's Maturity

5|13|16   |   06:46   |   (1) comment


Matt Finnie, CTO at international operator Interoute, explains how NFV has made life easier in terms of logistics and how Interoute can now enable a 'software-defined moment' for its customers.
Upcoming Live Events
September 13-14, 2016, The Curtis Hotel, Denver, CO
December 6-8, 2016,
June 16-18, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
A new survey conducted by Heavy Reading and TM Forum shows that CSPs around the world see the move to digital operations as a necessary part of their overall virtualization strategies.
Hot Topics
DT: Telcos Must Escape Vendor Prison
Iain Morris, News Editor, 5/24/2016
AT&T to Start 5G 'Friendly' Trial by 2016 End
Dan Jones, Mobile Editor, 5/24/2016
Cable Is Eyeing Its Retail Options
Mari Silbey, Senior Editor, Cable/Video, 5/25/2016
AT&T's Margaret Chiosi Retires
Ray Le Maistre, Editor-in-chief, 5/25/2016
Verizon Backpedals on Go90
Mari Silbey, Senior Editor, Cable/Video, 5/24/2016
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
In this latest installment of the CEO Chat series, Craig Labovitz, co-founder and CEO of Deepfield, sits down with Light Reading's Steve Saunders in Light Reading's New York City office to discuss how Deepfield fits in with the big data trend and more.
Grant van Rooyen, president and CEO of Cologix, sits down with Steve Saunders, founder and CEO of Light Reading, in the vendor's New Jersey facility to offer an inside look at the company's success story and discuss the importance of security in the telecom industry.
Animals with Phones
Live Digital Audio

Our world has evolved through innovation from the Industrial Revolution of the 1740s to the information age, and it is now entering the Fourth Industrial Revolution, driven by technology. Technology is driving a paradigm shift in the way digital solutions deliver a connected world, changing the way we live, communicate and provide solutions. It can have a powerful impact on how we tackle some of the world’s most pressing problems. In this radio show, Caroline Dowling, President of Communications Infrastructure & Enterprise Computing at Flex, will join Women in Comms Director Sarah Thomas to discuss the impact technology has on society and how it can be a game-changer across the globe; improving lives and creating a smarter world. Dowling, a Cork, Ireland, native and graduate of Harvard Business School's Advanced Management Program, will also discuss her experience managing an international team focused on innovation in an age of high-speed change.