Meru Networks Company Profile (NASDAQ:MERU)

Analyst Ratings

Consensus Ratings for Meru Networks (NASDAQ:MERU) (?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Meru Networks (NASDAQ:MERU)
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No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Meru Networks (NASDAQ:MERU)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/27/2015        
5/4/2015Q115($0.17)($0.16)$16.50 million$17.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/9/2015Q414($0.18)($0.17)$21.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/27/2014Q314($0.06)($0.08)$25.09 million$25.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2014Q214($0.12)($0.13)$23.90 million$23.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2014Q114($0.19)($0.23)$22.02 million$20.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/10/2014Q413($0.06)$0.25$27.04 million$30.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/30/2013Q313($0.09)($0.09)$26.16 million$24.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/30/2013Q2 2013($0.08)($0.05)$27.11 million$26.45 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/30/2013Q1 2013($0.22)($0.10)$24.12 million$24.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/29/2013Q4 2012($0.21)($0.13)$26.07 million$28.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/24/2012Q312($0.29)($0.22)$24.17 million$25.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/26/2012($0.46)($0.26)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/30/2012($0.49)($0.50)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/1/2012($0.30)($0.30)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/26/2011($0.21)($0.21)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/27/2011($0.10)($0.05)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/27/2011($0.10)($0.12)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/2/2011$0.02$0.02ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Meru Networks (NASDAQ:MERU)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Dividend History for Meru Networks (NASDAQ:MERU)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Meru Networks (NASDAQ:MERU)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
9/12/2014Larry VaughanSVPSell5,000$3.78$18,900.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/27/2014Larry VaughanSVPSell10,000$3.53$35,300.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/8/2014Harold D CoppermanDirectorBuy2,000$3.59$7,180.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/11/2014Larry VaughanSVPSell3,600$3.61$12,996.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/16/2014Mark LiuGeneral CounselSell1,500$3.66$5,490.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/6/2014Harold CoppermanDirectorBuy5,000$3.59$17,950.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/13/2014Ajay MalikSVPSell10,976$4.39$48,184.64View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/3/2014Eric SingerDirectorBuy8,150$4.16$33,904.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/28/2014Larry VaughanSVPSell10,800$4.16$44,928.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/18/2014Larry VaughanSVPSell16,462$4.17$68,646.54View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/6/2013Harold CoppermanDirectorBuy14,000$3.02$42,280.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/28/2013Harold CoppermanDirectorBuy8,500$3.45$29,325.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/20/2013Harold CoppermanDirectorBuy5,500$3.50$19,250.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/15/2013Harold CoppermanDirectorBuy3,500$3.50$12,250.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/7/2013Harold CoppermanDirectorBuy3,000$3.58$10,740.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/5/2013Harold CoppermanDirectorBuy12,500$3.65$45,625.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/13/2013Nicholas MitsakosDirectorSell39,353$4.26$167,643.78View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/4/2013Bami BastaniCEOBuy12,500$4.00$50,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/4/2013Brett T WhiteCFOBuy3,000$4.00$12,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/4/2013Harold D CoppermanDirectorBuy25,000$4.00$100,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/13/2012Harold D CoppermanDirectorBuy2,000$2.33$4,660.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/12/2012Harold D CoppermanDirectorBuy5,500$2.47$13,585.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/7/2012Harold D CoppermanDirectorBuy6,000$2.61$15,660.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/2/2012Harold D CoppermanDirectorBuy10,000$2.76$27,600.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/15/2012Kamal AnandInsiderBuy10,000$3.35$33,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Meru Networks (NASDAQ:MERU)
DateHeadline
07/27/16 08:05 AMEnterprise Mobility Market - Industry Analysis, Size, Share, Trends, Segment and Forecast 2015-2020
07/20/16 05:51 PMF5 Names Ben Gibson as Chief Marketing Officer
07/16/16 08:32 AMCEO Jim Scullion Targets IoT Security To Continue His Success Streak With Great Bay Software
07/14/16 05:25 PMChief Executive Officer Jim Scullion Targets IoT Safety To Continue His Success Streak With Great Bay Software program. South Carolina SC
07/14/16 05:25 PMZMR:Enterprise Mobility Market Size and Key Trends in Terms of Volume and Value 2020
07/14/16 05:25 PMGlobal Enterprise Mobility Market Projected to Reach Around USD 500.00 Billion by 2020 - MarketResearchStore.Com
06/24/16 07:47 AMGlobal enterprise mobility market to exhibit 24.7% CAGR from 2015 to 2022 according to market forecasts
06/23/16 07:53 AMEnterprise Mobility Market - Enterprise Mobility Has Wide Applications Across IT and Telecommunication
06/15/16 09:46 AMOutdoor W-Fi Technology is Emerging Across Various Sector
06/13/16 04:47 PMActivism On Support.com: 60% Return
06/09/16 07:59 AMEnterprise Mobility Market: Global Industry Information, Trends and Forecast to 2022 by Brisk Insights
06/07/16 07:47 AMReport delivers insight into the enterprise mobility market : global industry information, market size and forecast 2016
05/17/16 01:56 PMSupport : VIEX Issues Letter To Fellow Support.com Stockholders - Mr. Singer previously served as a director of Meru Networks, Inc., a Wi-Fi network solutions company, from January 2014 until January 2015, PLX Technology, Inc., a semiconductor company, from December 2013 until its sale in August 2014, Sigma Designs ...
05/03/16 07:01 AMEnterprise Mobility Market is expected to reach US$ 510.39 Bn by 2022 - Some of the most prominent companies profiled in the report are Symantec Corporation, MobileIron, SOTI, Inc., Microsoft Corporation, Alcatel Lucent S.A., Avaya Inc., Citrix Systems Inc., Cisco Systems, Inc., AirWatch LLC, Aruba Inc., Meru Networks, and others.
04/28/16 07:26 AMGlobal Enterprise Mobility Market to Exhibit 24.7% CAGR during 2015-2022, Boosted by Demand for Operational Efficiency in Enterprises - Some of the most prominent companies profiled in the report are Symantec Corporation, MobileIron, SOTI, Inc., Microsoft Corporation, Alcatel Lucent S.A., Avaya Inc., Citrix Systems Inc., Cisco Systems, Inc., AirWatch LLC, Aruba Inc., Meru Networks, and others.
04/26/16 08:19 AMEnterprise Mobility Market 2016-2020 Industry exmined by Market Research Store - Aruba Networks, Inc., Cisco Systems, Inc., Citrix Systems, Inc., Meru Networks, Good Technology, Inc., iPass, Inc., Hewlett-Packard Development Company Ltd., IBM Corporation, AT&T, Inc., BlackBerry, Ltd., Cerner Corporation, Nokia Corporation, Panasonic ...
04/12/16 11:25 AMOutdoor Wi-Fi Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast 2019 - Avaya Inc., Aruba Networks, Ericsson, Netgear and Meru Networks. This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include This report ...
04/05/16 12:56 PMBrocade Springs $1.2 Billion for WiFi Provider Ruckus Wireless - Others include Xirrus Networks, Meru Networks and Aerohive ... In 2012, Cisco bought Meraki Inc. for $1.2 billion; Hewlett-Packard Co. in March 2015 acquired Aruba Networks for $3 billion. As of last Nov. 2, Aruba is now part of HP Enterprise.
03/30/16 12:41 PMGlobal Enterprise Mobility Market Set for Rapid Growth, to Reach Around USD 500.0 Billion by 2020 - Aruba Networks, Inc., Cisco Systems, Inc., Citrix Systems, Inc., Meru Networks, Good Technology, Inc., iPass, Inc., Hewlett-Packard Development Company Ltd., IBM Corporation, AT&T, Inc., BlackBerry, Ltd., Cerner Corporation, Nokia Corporation, Panasonic ...
03/17/16 12:19 PMEnterprise Mobility Market Size, Share And Forecast is Expected to Grow at the CAGR of 7% During 2015-2022: Brisk Insights - Aruba Networks, Cisco Systems, Inc, IBM Corporation, Hewlett-Pacakard and Good Technology, Inc, Meru Networks, Citrix Systems, Incare the key market players. Mergers and acquisition, partnerships are the key winning strategy of the market. 1.1. Global ...
03/15/16 10:53 AMEnterprise Mobility Market by Software, Devices, Security, Industry Size, Growth, Share and Forecast To 2022 - Alcatel-Lucent, Avaya, Inc, Air Watch, Aruba Networks, Cisco Systems, Inc, IBM Corporation, Hewlett-Packard and Good Technology, Inc, Meru Networks, Citrix Systems, In care the key market players. Mergers and acquisition, partnerships are the key winning ...
03/14/16 06:00 AMResearch report covers the enterprise mobility market - Aruba Networks, Cisco Systems, Inc, IBM Corporation, Hewlett-Pacakard and Good Technology, Inc, Meru Networks, Citrix Systems, Incare the key market players. Mergers and acquisition, partnerships are the key winning strategy of the market. 1.1. Global ...
02/22/16 12:19 PMMERU NETWORKS, INC. Company Profile - Meru Networks believes wireless networking should be a seamless experience for customers who don't want to worry about technology. The company develops networking equipment and software used to build wireless LANs. Its products include access points ...
02/19/16 11:58 AMLatest Scenario of Data Center Equipment Market with Extensive Analysis - ... this market include Emulex Corp., Digi International Inc., Cisco System Inc., F5 Networks Inc., NEC Corp., Brocade Communication System Inc., Schneider Electric SA, Meru Networks, Alcatel-Lucent, and Hewlett Packard Co. among others. MRRSE stands for ...
02/09/16 10:51 AMFortinet and Wavelink sign ANZ distribution agreement to tap into burgeoning secure enterprise wireless market - Move follows Fortinet’s 2015 acquisition of Meru Networks and solidifies their commitment to providing ... Copyright © 2016 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered ...
01/20/16 09:28 AMIs the market correcting itself? - Fortinet Inc. (FTNT; $27.91), the global leader in high-performance cybersecurity solutions, closed its acquisition of Meru Networks, supplier of intelligent Wi-Fi networking. With the merger, Fortinet expanded on its secure wireless vision and enterprise ...
10/27/15 10:08 AMFortinet Posts Record Billings and Revenue Growth in 3Q15 -
07/08/15 04:09 PMMERU NETWORKS INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Completion of Acquisition or Di -
07/08/15 09:57 AMFortinet Closes Acquisition of Meru Networks - [at noodls] - SUNNYVALE, Calif., - July 8, 2015 - Fortinet (NASDAQ: FTNT), the global leader in high-performance cyber security solutions, today announced it has closed the acquisition of Meru Networks (NASDAQ:MERU), ...
06/23/15 07:00 AMMeru Networks' K-12 Wi-Fi Subscription XPress Cloud Service Offers Simplicity to the Unsung IT Heroes of Education - [Marketwired] - Meru Networks® , a leader in intelligent Wi-Fi networking, today announced that the company will showcase its new Wi-Fi subscription cloud-based service at the International Society for Technology Education ...
06/01/15 02:30 PMWeissLaw LLP: Meru Networks, Inc. Sale Under Legal Investigation - [PR Newswire] - NEW YORK, June 1, 2015 /PRNewswire/ -- The fairness to shareholders of Meru Networks, Inc.'s ("MERU" or the "Company") sale to Fortinet Inc. ("FTNT") is being investigated ...
05/29/15 10:57 AMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Meru Networks, Inc. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Fortinet - [Business Wire] - The following statement is being issued by Levi & Korsinsky, LLP:
05/28/15 06:00 PMSHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Meru Networks, Inc. And Encourages Investors To Contact The Firm For Additional Information - [PR Newswire] - STEVENSON, Md., May 28, 2015 /PRNewswire/ -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Meru Networks, Inc. ("Meru" or the "Company") (MERU) relating to the proposed buyout of the Company by Fortinet, Inc. Under the terms of the transaction, Meru shareholders are anticipated to receive $1.63 in cash for each share of Meru common stock held. The transaction may undervalue Meru and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Meru stock at $4.00 per share.
05/28/15 12:09 PMMERU NETWORKS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Fortinet Inc. - [Business Wire] - Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Meru Networks, Inc.
05/28/15 11:28 AMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Meru Networks, Inc. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Fortinet -- MERU - [PR Newswire] - NEW YORK, May 28, 2015 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Meru Networks stock prior to May 27, 2015 . You are hereby ...
05/28/15 10:04 AMRyan & Maniskas, LLP Investigation of Meru Networks, Inc. - [PR Newswire] - WAYNE, Pa., May 28, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Meru Networks, Inc. ("Meru" or the "Company") (NASDAQ: ...
05/27/15 09:10 PMSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Meru Networks, Inc. -MERU - [PR Newswire] - BALA CYNWYD, Pa., May 27, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meru Networks, Inc. ("Meru Networks" ...
05/27/15 08:16 PMMERU NETWORKS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Meru Networks, Inc. - [PR Newswire] - NEW ORLEANS, May 27, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
05/27/15 05:16 PMLaw Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Meru Networks, Inc. Stockholders - [Business Wire] - Kirby McInerney LLP is investigating potential claims against the Board of Directors of Meru Networks, Inc. concerning the proposed acquisition of the Company by Fortinet, Inc.
05/27/15 04:57 PMBiz Break: Fortinet steps up security challenge to Cisco with Meru acquisition -
05/27/15 03:46 PMMERU NETWORKS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits -

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About Meru Networks

Meru Networks logoMeru Networks, Inc. (Meru) develops and markets a virtualized Wireless Local Area Network (WLAN) solution. The Company's solution is built around its System Director Operating System, which runs on its controllers and access points. The Company offers additional products designed to deliver network management, diagnostics and security. The Company also offers support services related to its products, professional services, and training. Its products and services are sold through value added resellers, and distributors, as well as its sales force. Its System Director Operating System forms the core of its virtualized WLAN solution. It provides a family of controllers that run its System Director Operating System and work in conjunction with its access points. Its Wireless Fidelity (Wi-Fi) certified access points provide network connectivity for wireless devices. Its bring-your-own-device (BYOD) and policy management solutions are designed to automate secure guest access.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MERU
  • CUSIP:
Key Metrics:
  • Previous Close: $1.62
  • 50 Day Moving Average: $1.59
  • 200 Day Moving Average: $2.10
  • P/E Ratio: N/A
  • P/E Growth: 0.00
  • Market Cap: $N/A
  • Current Year EPS Consensus Estimate: $-0.30 EPS
  • Next Year EPS Consensus Estimate: $-0.10 EPS
Additional Links:
Meru Networks (NASDAQ:MERU) Chart for Friday, July, 29, 2016