Ruckus Wireless' (NYSE:RKUS) posted much-improved results in the third quarter but signs of hypergrowth are still missing, Fool contributor Tim Beyers says in the following video.

Why does it matter? Hypergrowth is what you get when a business with technical advantages finds a niche market where alternatives are noticeably (and in some cases, painfully) inferior. Ruckus claims an edge in how it makes otherwise dumb Wi-Fi technology much smarter and more efficient for its carrier customers, Tim says.

Trouble is, the numbers don't reflect the sort of outsized growth you'd expect. Revenue grew 17.7% to $68.9 million in Q3, resulting in $0.05 a share of non-GAAP earnings. Both figures beat estimates, yet product revenue grew only 16.5%. Far less than you'd want or expect from a business that purports to exhibit patentable advantages, Tim says.

Should current Ruckus investors sell, or does the stock's recent underperformance mark a buying opportunity? Tim answers this question and more in the video. Please watch now and then leave a comment to let us know what you think.