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...
SeekingAlpha  Feb 11  Comment 
Meru Networks, Inc. (MERU) Q4 2013 Earnings Conference Call Feb 10, 2014 5:00 PM ET Executives Ed Keaney – Investor Relations Bami Bastani – President & Chief Executive Officer Brian McDonald – Chief Financial Officer and...
StreetInsider.com  Feb 10  Comment 
Infoblox (NYSE: BLOX) 31% LOWER; announced preliminary results for the second quarter of fiscal year 2014 ended January 31, 2014. Infoblox expects net revenue for the second quarter to be approximately $60 million to $61 million, below the...
StreetInsider.com  Feb 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Meru+Networks%2C+Inc.+%28MERU%29+Tops+Q4+EPS+by+31c/9146440.html for the full story.
Benzinga  Jan 14  Comment 
Meru Networks (NASDAQ: MERU) today announced its entry into an agreement dated January 13, 2014 with Potomac Capital Partners III, L.P. and certain related parties to, among other things, appoint two new independent directors -- Eric Singer and...
DailyFinance  Jan 8  Comment 
SEAT Consortium Founder and CEO Stoffel Working Closely With Meru to Drive Continued Advancements in Mobility for Sports and Other Outdoor VenuesSUNNYVALE, CA -- (Marketwired) -- 01/08/14 -- Meru Networks, Inc. (NASDAQ: MERU), a leader in...


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]


  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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