Ubiquiti Networks, Inc. (UBNT) PT Raised to $44.00 at Deutsche Bank AG

Ubiquiti Networks, Inc. (NASDAQ:UBNT) had its price target boosted by investment analysts at Deutsche Bank AG from $40.00 to $44.00 in a research report issued on Monday. The firm currently has a “hold” rating on the Wireless communications provider’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 33.77% from the stock’s previous close.

Several other brokerages have also recently issued reports on UBNT. Zacks Investment Research cut Ubiquiti Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Vetr cut Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $55.50 target price on the stock. in a research report on Monday, June 5th. Credit Suisse Group reissued a “sell” rating and issued a $44.00 target price on shares of Ubiquiti Networks in a research report on Tuesday, May 2nd. Finally, BidaskClub raised Ubiquiti Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Ubiquiti Networks currently has an average rating of “Hold” and an average target price of $51.56.

Ubiquiti Networks (NASDAQ UBNT) opened at 66.44 on Monday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 21.84 and a beta of 0.48. Ubiquiti Networks has a one year low of $45.71 and a one year high of $67.80. The company has a 50 day moving average of $52.64 and a 200-day moving average of $51.90.

Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Ubiquiti Networks had a return on equity of 47.10% and a net margin of 29.76%. The company had revenue of $228.60 million for the quarter, compared to analysts’ expectations of $219.14 million. During the same period last year, the firm posted $0.69 earnings per share. Ubiquiti Networks’s revenue was up 23.1% compared to the same quarter last year. Equities research analysts predict that Ubiquiti Networks will post $3.64 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. New Amsterdam Partners LLC NY increased its stake in shares of Ubiquiti Networks by 7.0% in the first quarter. New Amsterdam Partners LLC NY now owns 197,821 shares of the Wireless communications provider’s stock valued at $9,942,000 after buying an additional 12,863 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ubiquiti Networks by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 153,402 shares of the Wireless communications provider’s stock valued at $7,710,000 after buying an additional 1,024 shares during the period. Hussman Strategic Advisors Inc. increased its stake in shares of Ubiquiti Networks by 100.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 100,000 shares of the Wireless communications provider’s stock valued at $5,026,000 after buying an additional 50,000 shares during the period. OLD National Bancorp IN increased its stake in shares of Ubiquiti Networks by 21.3% in the first quarter. OLD National Bancorp IN now owns 11,362 shares of the Wireless communications provider’s stock valued at $571,000 after buying an additional 1,992 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Ubiquiti Networks by 5.7% in the first quarter. Wells Fargo & Company MN now owns 150,286 shares of the Wireless communications provider’s stock valued at $7,554,000 after buying an additional 8,091 shares during the period. 30.95% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

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