Meru 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: Telecommunications Services
- Industry: Wireless Telecommunications Services - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:MERU
- CUSIP: N/A
- Web: www.merunetworks.com/
- 50 Day Moving Avg: $1.59
- 200 Day Moving Avg: $2.10
- 52 Week Range: $1.20 - $4.50
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -16.20
- P/E Growth: 0.00
- Net Margins: -46.15%
- Return on Assets: -86.56%
- Average Volume: 298,189 shs.
Frequently Asked Questions for Meru Networks (NASDAQ:MERU)
What is Meru Networks' stock symbol?
Meru Networks trades on the NASDAQ under the ticker symbol "MERU."
How were Meru Networks' earnings last quarter?
Meru Networks, Inc. (NASDAQ:MERU) posted its earnings results on Monday, May, 4th. The company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.17) by $0.01. The company had revenue of $17.40 million for the quarter, compared to analysts' expectations of $16.50 million. The business's revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. View Meru Networks' Earnings History.
Who are some of Meru Networks' key competitors?
Some companies that are related to Meru Networks include AT&T (T), China Mobile (Hong Kong) (CHL), NTT DOCOMO (DCM), Vodafone Group PLC (VOD), Vodafone Group plc (VOD), America Movil, S.A.B. de C.V. (AMX), America Movil SAB de CV (AMOV), China Telecom Corp Ltd (CHA), China Unicom (Hong Kong) Ltd (CHU), Sprint Corporation (S), Rogers Communication (RCI), SK Telecom Co. (SKM), Mobile TeleSystems OJSC (MBT), TIM Participacoes S.A. (TSU), BlackBerry Limited (BBRY), United States Cellular Corporation (USM), Telephone and Data Systems (TDS) and Gogo (GOGO).
How do I buy Meru Networks stock?
Shares of Meru Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meru Networks' stock price today?
MarketBeat Community Rating for Meru Networks (NASDAQ MERU)MarketBeat's community ratings are surveys of what our community members think about Meru Networks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Meru Networks stock can currently be purchased for approximately $1.62.
Consensus Ratings for Meru Networks (NASDAQ:MERU) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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Analysts' Ratings History for Meru Networks (NASDAQ:MERU)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Meru Networks (NASDAQ:MERU)Earnings History by Quarter for Meru Networks (NASDAQ MERU)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/4/2015||Q115||($0.17)||($0.16)||$16.50 million||$17.40 million||View||N/A|
|10/27/2014||Q314||($0.11)||($0.14)||$25.09 million||$25.00 million||View||Listen|
|7/28/2014||Q214||($0.12)||($0.13)||$23.90 million||$23.60 million||View||N/A|
|4/28/2014||Q114||($0.19)||($0.23)||$22.02 million||$20.60 million||View||N/A|
|2/10/2014||Q413||($0.06)||($0.09)||$27.04 million||$30.20 million||View||N/A|
|7/30/2013||Q2 2013||($0.08)||($0.05)||$27.11 million||$26.45 million||View||N/A|
|4/30/2013||Q1 2013||($0.22)||($0.10)||$24.12 million||$24.70 million||View||N/A|
|1/29/2013||Q4 2012||($0.21)||($0.13)||$26.07 million||$28.20 million||View||N/A|
|10/24/2012||Q312||($0.29)||($0.22)||$24.17 million||$25.40 million||View||N/A|
Earnings Estimates for Meru Networks (NASDAQ:MERU)
Current Year EPS Consensus Estimate: $-0.30 EPS
Next Year EPS Consensus Estimate: $-0.10 EPS
Dividend History for Meru Networks (NASDAQ:MERU)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Meru Networks (NASDAQ:MERU)Insider Trades by Quarter for Meru Networks (NASDAQ:MERU)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/12/2014||Larry Vaughan||SVP||Sell||5,000||$3.78||$18,900.00|| |
|8/27/2014||Larry Vaughan||SVP||Sell||10,000||$3.53||$35,300.00|| |
|8/8/2014||Harold D Copperman||Director||Buy||2,000||$3.59||$7,180.00|| |
|6/11/2014||Larry Vaughan||SVP||Sell||3,600||$3.61||$12,996.00|| |
|5/16/2014||Mark Liu||General Counsel||Sell||1,500||$3.66||$5,490.00|| |
|5/6/2014||Harold Copperman||Director||Buy||5,000||$3.59||$17,950.00|| |
|3/13/2014||Ajay Malik||SVP||Sell||10,976||$4.39||$48,184.64|| |
|3/3/2014||Eric Singer||Director||Buy||8,150||$4.16||$33,904.00|| |
|2/28/2014||Larry Vaughan||SVP||Sell||10,800||$4.16||$44,928.00|| |
|2/18/2014||Larry Vaughan||SVP||Sell||16,462||$4.17||$68,646.54|| |
|11/6/2013||Harold Copperman||Director||Buy||14,000||$3.02||$42,280.00|| |
|8/28/2013||Harold Copperman||Director||Buy||8,500||$3.45||$29,325.00|| |
|8/20/2013||Harold Copperman||Director||Buy||5,500||$3.50||$19,250.00|| |
|8/15/2013||Harold Copperman||Director||Buy||3,500||$3.50||$12,250.00|| |
|8/7/2013||Harold Copperman||Director||Buy||3,000||$3.58||$10,740.00|| |
|8/5/2013||Harold Copperman||Director||Buy||12,500||$3.65||$45,625.00|| |
|6/13/2013||Nicholas Mitsakos||Director||Sell||39,353||$4.26||$167,643.78|| |
|3/4/2013||Bami Bastani||CEO||Buy||12,500||$4.00||$50,000.00|| |
|3/4/2013||Brett T White||CFO||Buy||3,000||$4.00||$12,000.00|| |
|3/4/2013||Harold D Copperman||Director||Buy||25,000||$4.00||$100,000.00|| |
|11/13/2012||Harold D Copperman||Director||Buy||2,000||$2.33||$4,660.00|| |
|11/12/2012||Harold D Copperman||Director||Buy||5,500||$2.47||$13,585.00|| |
|11/7/2012||Harold D Copperman||Director||Buy||6,000||$2.61||$15,660.00|| |
|11/2/2012||Harold D Copperman||Director||Buy||10,000||$2.76||$27,600.00|| |
|8/15/2012||Kamal Anand||Insider||Buy||10,000||$3.35||$33,500.00|| |
Headline Trends for Meru Networks (NASDAQ:MERU)
Latest Headlines for Meru Networks (NASDAQ:MERU)
Meru Networks (MERU) Chart for Monday, July, 24, 2017