Q&A: Devicescape CEO Dishes on Ruckus

RKUS's cold welcome doesn't mean Wi-Fi is bad business

   

Wi-Fi products maker Ruckus Wireless (NYSE:RKUS) came public today to a muted reception, with shares off roughly 4% in its first day of trading.

Still, RKUS looks like a solid company. The company already is a leader in the market for sophisticated Wi-Fi gear, and it’s still growing at a rapid clip. For the first nine months of 2012, revenues nearly doubled to $152.5 million, and it brought in roughly $7.4 million in profits after breaking even in 2011.