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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Meru Networks, Inc.
Type
Subsidiary of Fortinet
Traded as NASDAQ: MERU
Industry Wireless LAN
Founded Sunnyvale, California, U.S.
(2002)
Founder Dr. Vaduvur Bharghavan
Srinath Sarang
Joseph Epstein
Sung-Wook Han
Headquarters Sunnyvale, California, U.S.
Area served
Worldwide
Key people
Bami Bastani (CEO)
Larry Vaughan (SVP Sales)
Products Wireless access points
Wireless LAN Controller
Networking devices
Revenue Increase USD 90.5 million (2011)
Net income
Decrease USD 26.7 million (2011)
Total assets Decrease USD 66.8 million (2011)
Total equity Decrease USD 32.5 million (2011)
Number of employees
403 (2011)
Website merunetworks.com

Meru Networks was a supplier of wireless local area networks (WLANs) to healthcare, enterprise, hospitality, K-12 education, higher education, and other markets. Founded in 2002 and headquartered in Sunnyvale, California, United States, the company made its initial public offering in March 2010.

Meru Networks was founded in 2002 to address issues with legacy wireless networking architectures that support two separate access networks: a wired network for business-specific applications and a wireless network for casual use. This causes problems ranging from co-channel interference to the inability of micro-cellular systems to scale up. Meru Networks develops and markets a virtualized wireless LAN solution that enables enterprises to migrate applications from wired networks to wireless networks and become what Meru refers to as the "All-wireless enterprise." The company uses an approach to wireless networking that employs virtualization technology to create a self-monitoring wireless network that provides access to applications, improved application performance, and a greater ability to run converged applications, such as voice, video and data, over a wireless network.

The company’s current products address the IEEE 802.11ac and 802.11n wireless networking standards, The company focuses on a “Virtual Cell” approach to Wi-Fi. Under a single service assurance platform, it aggregates access points and the controller needed to manage them. This simplifies the management of access points, cuts the number of access points needed on a wireless network, and eliminates bandwidth contention issues.

Products and services are sold through value-added resellers (VARs) and distributors.

2011 honors include:

The company focuses on the education, healthcare and hospitality markets. Approximately three-quarters of its global sales come from the Americas, and among its 12,500 customers worldwide are the CME Group and Hellmann Worldwide Logistics.

While the company’s main emphasis is on the markets noted above, they are not its exclusive focus. In December 2011, for example, Meru announced that it was working with Ayacht Technology Solutions to install a new Wi-Fi network at historic, 37,000-seat Fenway Park, the home of Major League Baseball's Boston Red Sox

On September 8, 2011, Meru announced that it had acquired access control specialist Identity Networks. Founded in 2006 and based in Manchester, UK, Identity Networks develops and markets tools that offer provisioning and notification services that give guests access credentials by way of email, or SMS, and also provide reporting, auditing, and policy customization.

On May 27, 2015, Fortinet agreed to acquire Meru Networks for $44 million in cash. Fortinet will integrate the Meru Networks team and operations into their organization.

Investment goal date:
Dividends reinvested
Meru Networks, Inc. MERU report Q1 2015
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2015
2015-10-27
--
--
Q2 2015
2015-07-27
--
--
Q1 2015
2015-05-04
-0.1600
-0.3300
Q4 2014
2015-02-09
-0.1700
-0.2200
Q3 2014
2014-10-27
-0.0800
-0.1400
Q2 2014
2014-07-28
-0.1300
-0.1800
Q1 2014
2014-04-28
-0.2300
-0.3500
Q4 2013
2014-02-10
0.0000
-0.0900
Q3 2013
2013-10-30
-0.0900
-0.1600
Q2 2013
2013-07-30
-0.0500
-0.1400
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Major Shareholders
Name Relationship
Total Shares
Holding stocks
COX BARRY L /ADV
0.4100% (96402)
ADNC / MERU / PXLW /
KURTZWEIL JOHN T
0.4300% (102158)
ACLS / CREE / EXTR / MERU /
KISSNER CHARLES
0.8600% (203969)
AVNW / MERU / RMBS / SHOR /
DOMENIK STEPHEN L
0.2200% (50719)
Copperman Harold D
1.9300% (455092)
IDSY / MERU /
WHITE BRETT T
0.0500% (12498)
MERU /
BASTANI BAMI
0.3300% (77836)
CRMD / GLOW / MERU /
MERESMAN STANLEY J
0.4600% (108220)
LNKD / MERU / PANW / ZNGA /
Quigley William
0.9300% (219726)
MERU /
McDonald Brian R
0.2000% (46148)
MERU /
Singer Eric
2.5900% (610116)
Mitsakos Nicholas
0.2800% (66676)
MERU /
Anand Kamal
0.2500% (58689)
MERU /
Newman Barry A.
1.3000% (305950)
MERU /
Ramakrishna Sudhakar
0.1400% (33993)
CTXS / MERU / MITL /
Vaughan Larry
0.2600% (61672)
MERU /
Simmons Philip
0.0700% (15393)
MERU /
Vesuna Sarosh
0.1800% (41475)
MERU /
Liu Mark
0.0200% (4833)
MERU /
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