Meru updates

Meru Networks, Inc. (NASDAQ:MERU). Last Market Price: 8.32, Change: +0.30, % Change: (3.74%). Shares trade in the range of 7.47 – 8.44 dollars. It has a market capitalization of 145.59M dollars, making it a Small Cap Stock and has 17.50M outstanding shares. As per the most recent quarterly report, the net income per share (EPS) is -0.87. It operates in Services sector and belongs to Communications Services industry. Percentage shares held by institutional investors is 94%. The company has a 52 week high of $ 27.33 and a 52 week low of $ 7.02. Average volumes of shares traded daily are 93,015. Volume traded in the last session was at 57,330, 0.62 times the average volume.

• Meru Networks sees Q3 revenues $23.2-23.7 million more than market estimates
• President and Chief Executive Officer Ihab Abu-Hakima will transition out of the company

For Q2 (Jun ’11), It had a Net profit margin of -42.04%, an Operating margin of -41.46%. Other Key stats and ratios are : Return on average assets of -50.63%, Return on average equity of -85.05%. The organization has an employee strength of 292

Consensus Recommendation is a Hold.

Estimate for sales for the Quarter Ending Dec-11 show a mean of 25.25 million dollars, an estimate high of 26.50 million dollars and an estimate low of 24.25 million dollars. A year ago the figures stood at 25.73 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 25.07 million dollars, an estimate high of 26.40 million dollars and an estimate low of 23.86 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of -0.24 dollars, an estimate high of -0.19 dollars and an estimate low of -0.27 dollars. A year ago the figures stood at 0.09 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of -0.20 dollars, an estimate high of -0.16 dollars and an estimate low of -0.27 dollars.

Sales for Quarter Ending Jun-11 was estimated at 21.44 million dollars, however the actual sales figure stood at 23.23 million dollars, 1.79 million dollars more than estimates.

Sales for Quarter Ending Dec-10 was estimated at 22.20 million dollars, however the actual sales figure stood at 22.65 million dollars, 0.45 million dollars more than estimates.

Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.