QUOTE AND NEWS
SeekingAlpha  Jul 28  Comment 
Meru Networks, Inc. (NASDAQ:MERU) Q2 2014 Results Earnings Conference Call July 28, 2014 05:00 PM ET Executives Ed Keaney - Market Street Partners Dr. Bami Bastani - President and CEO Brian McDonald - CFO and Chief Administrative...
Cloud Computing  Jul 23  Comment 
IRVING, TX and SUNNYVALE, CA--(Marketwired - July 23, 2014) - NEC Corporation of America (NEC), a wholly owned subsidiary of NEC Corporation and leading provider and integrator of advanced IT, networking and communications solutions, and Meru...
SeekingAlpha  Apr 29  Comment 
Meru Networks, Inc. (MERU) Q1 2014 Results Earnings Conference Call April 28, 2014 05:00 PM ET Executives Ed Keaney - Investor Relations Dr. Bami Bastani - President and CEO Brian McDonald - CFO and CAO Analysts Matthew...
SeekingAlpha  Apr 28  Comment 
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DailyFinance  Apr 1  Comment 
SUNNYVALE, CA -- (Marketwired) -- 04/01/14 -- Meru Networks® (NASDAQ: MERU), a leader in intelligent Wi-Fi solutions, today announced significant expansion of its 802.11ac portfolio with two new dual-radio, dual-stream (2X2) access points -- the...
DailyFinance  Mar 31  Comment 
SUNNYVALE, CA -- (Marketwired) -- 03/31/14 -- Meru Networks® (NASDAQ: MERU), a leader in intelligent Wi-Fi solutions, today announced significant expansion of its 802.11ac portfolio with two new dual-radio, dual-stream (2X2) access points -- the...
DailyFinance  Mar 31  Comment 
SUNNYVALE, CA -- (Marketwired) -- 03/31/14 -- Meru Networks® (NASDAQ: MERU), a leader in intelligent Wi-Fi networking, is implementing open standards-based SDN to enable application-specific service level agreements and unified management of...
Benzinga  Feb 11  Comment 
Cadence Pharmaceuticals (NASDAQ: CADX) surged 26.29% to $13.98 in the pre-market session after Mallinckrodt plc (NYSE: MNK) announced its plans to acquire Cadence Pharma for $14.00 per share in cash. Prosensa Holding NV (NASDAQ: RNA) soared...




 
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Meru Networks (MERU) (NASDAQ:MERU) provides wireless solutions for small and large enterprises for these enterprises to transition from a wired network to an "All-Wireless" network. The company has three revenue streams: products, support and services, and ratable products and services. Meru Networks differs from other wireless providers by offering a whole seamless wireless pool, and then partitioning the pool. Legacy wireless network providers consists of independent small networks and are less coordinated compared to a seamless wireless pool. Revenue from products consists of sales of software and hardware. Revenue from support and services consists of the customer support provided to its clients. Revenue from ratable products and services consists of the sales of products and services outside of the contractual agreement. [1]

Meru Networks is attempting to capitalize on the growing wireless networking industry as enterprises are switching from wired to wireless. According to Gartner's report on the wireless market, number of WIFI enables devices at enterprises is expected to grow from 115 million in 2009 to 432 million by 2013. Furthermore, the current market for wireless LAN is $1.9 billion in 2009 is expected to grow to $3.6 billion in 2013. [2]

The company's initial public offering of stock filed on the NASDAQ exchange on 18 December 2009. The proposed offer price range is $13.00-$15.00. The company is offering 4.4 million shares and raising $61 million. [1]

For the FY2009 with year ended 31 December 2009, the company reported $69.5 million in total revenue, up 27% from $54.7 million of net revenue in 2008. Furthermore, it reported a net loss of $17.4 million in 2009, an increase from a net loss of $26.8 million in the previous year. Since the company is investing in R&D and marketing The revenue mix consists of 65% products, 8% support and services, and 27% ratable products and services. [1]

References

  1. 1.0 1.1 1.2 Meru Networks S-1/A
  2. Gartner, Dataquest Insight: Factors Driving the Worldwide Enterprise Wireless LAN Market, 2005-2013, June 2009.
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