Ubiquiti Networks (UBNT) Earning Somewhat Positive Media Coverage, Study Finds

Headlines about Ubiquiti Networks (NASDAQ:UBNT) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ubiquiti Networks earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 46.1103540327713 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Ubiquiti Networks (UBNT) traded up $3.12 during midday trading on Wednesday, hitting $70.96. The stock had a trading volume of 208,961 shares, compared to its average volume of 592,870. Ubiquiti Networks has a twelve month low of $45.71 and a twelve month high of $71.17. The stock has a market capitalization of $5,280.00, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

Ubiquiti Networks (NASDAQ:UBNT) last announced its earnings results on Thursday, November 9th. The Wireless communications provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The business had revenue of $245.90 million during the quarter, compared to the consensus estimate of $240.39 million. Ubiquiti Networks had a return on equity of 45.45% and a net margin of 28.76%. Ubiquiti Networks’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. sell-side analysts expect that Ubiquiti Networks will post 3.35 EPS for the current year.

Ubiquiti Networks announced that its Board of Directors has initiated a stock repurchase program on Tuesday, September 5th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the Wireless communications provider to purchase up to 18% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Several brokerages have recently commented on UBNT. ValuEngine downgraded Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research raised Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Thursday, October 5th. Vetr downgraded Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $65.54 target price for the company. in a report on Tuesday, September 12th. BidaskClub downgraded Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, BMO Capital Markets reduced their target price on Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating for the company in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $56.86.

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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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