Ubiquiti Networks, Inc. (UBNT) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Ubiquiti Networks, Inc. (NASDAQ:UBNT) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, August 8th.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Ubiquiti Networks from a buy rating to a hold rating in a research report on Wednesday, April 12th. Vetr lowered 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 reiterated a sell rating and issued a $44.00 price target on shares of Ubiquiti Networks in a report on Tuesday, May 2nd. Deutsche Bank AG boosted their price target on Ubiquiti Networks from $38.00 to $40.00 and gave the company a hold rating in a report on Monday, May 8th. Finally, ValuEngine downgraded Ubiquiti Networks from a buy rating to a hold rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $54.87.

Ubiquiti Networks (NASDAQ:UBNT) traded up 0.89% on Tuesday, reaching $65.94. 240,507 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $56.94 and a 200-day moving average of $52.26. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 21.34 and a beta of 0.48. Ubiquiti Networks has a one year low of $45.71 and a one year high of $67.80.

Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $228.60 million for the quarter, compared to analyst estimates of $219.14 million. Ubiquiti Networks had a return on equity of 47.10% and a net margin of 29.76%. Ubiquiti Networks’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. Equities research analysts forecast that Ubiquiti Networks will post $3.66 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/08/19/ubiquiti-networks-inc-ubnt-upgraded-at-bidaskclub-updated.html.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Ubiquiti Networks by 11,607.1% in the first quarter. BlackRock Inc. now owns 1,965,976 shares of the Wireless communications provider’s stock valued at $98,810,000 after buying an additional 1,949,183 shares in the last quarter. Jackson Square Partners LLC acquired a new position in Ubiquiti Networks during the second quarter valued at $56,496,000. EdgePoint Investment Group Inc. raised its position in Ubiquiti Networks by 10.0% in the second quarter. EdgePoint Investment Group Inc. now owns 6,325,182 shares of the Wireless communications provider’s stock valued at $328,720,000 after buying an additional 575,640 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in Ubiquiti Networks by 34.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,616,027 shares of the Wireless communications provider’s stock valued at $83,985,000 after buying an additional 413,560 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Ubiquiti Networks during the second quarter valued at $13,724,000. 30.91% of the stock is owned by institutional investors and hedge funds.

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.

What are top analysts saying about Ubiquiti Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ubiquiti Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit