Recent Investment Analysts’ Ratings Updates for Ubiquiti Networks (UBNT)

A number of research firms have changed their ratings and price targets for Ubiquiti Networks (NASDAQ: UBNT):

  • 2/9/2018 – Ubiquiti Networks had its price target raised by analysts at BMO Capital Markets from $60.00 to $63.00. They now have a “market perform” rating on the stock.
  • 2/9/2018 – Ubiquiti Networks had its price target raised by analysts at Deutsche Bank AG from $47.00 to $55.00. They now have a “hold” rating on the stock.
  • 2/5/2018 – Ubiquiti Networks was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $74.74 price target on the stock.
  • 1/23/2018 – Ubiquiti Networks was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ubiquiti is currently experiencing macroeconomic issues like currency risks, rising labor costs in key locations and natural disasters, which pose concerns for the company. The extremely competitive environment, which includes big multinational wireless telecom players, service providers as well as newly established companies, poses a threat to the company. Longer operating histories, greater brand recognition, larger customer bases and significantly greater resources of competitors add to the company’s woes. In addition, the company faces issues with its sales channel and supply chain execution, which affects operations and can directly impact margins. However, the company’s shares have charted an impressive trajectory in the past six months, outperforming the industry's gain. Going forward, the company believes traction of the recently launched products will drive top-line growth.”
  • 1/22/2018 – Ubiquiti Networks was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $74.74 price target on the stock.
  • 1/15/2018 – Ubiquiti Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ubiquiti is enjoying impressive momentum in the UniFi product family, which has contributed strongly to top-line growth in recent times. The company’s shares have charted an impressive trajectory in the past six months, outperforming the industry's gain. Going forward, the company believes traction of the recently launched products will drive top-line growth. Ubiquiti expects its Enterprise Technology business to grab a higher market share in the rest of the fiscal year, fuelled by strong demand for its products. However, on the flip side, macroeconomic problems like currency risks, rising labor costs in key locations and natural disasters pose concerns for the company. Also, an extremely competitive environment, which includes big multinational wireless telecom players, poses a threat to the company. The company also faces issues with its sales channel and supply chain execution, which affects operations and can directly impact margins.”
  • 1/12/2018 – Ubiquiti Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $82.00 price target on the stock. According to Zacks, “Ubiquiti is experiencing impressive momentum in the UniFi product family recently. Ubiquiti’s excellent global business model, which is highly flexible and adaptable to any kind of change in markets, has helped it steer past challenges and maximize growth. Over the past few quarters both of Ubiquiti’s business segments are experiencing solid prospects, which, in turn, have stoked its top line. Especially, the Enterprise Technology business is expected to grab a higher market share for the rest of the fiscal year, fuelled by strong demand for its products. Going forward, the company believes traction of the recently launched products will drive top-line growth. The company’s shares have charted an impressive trajectory in the past six months, outperforming the industry's gain. However, macroeconomic problems like currency risks, rising labor costs in key locations and natural disasters pose concerns for the company.”
  • 1/4/2018 – Ubiquiti Networks was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $71.07 price target on the stock.
  • 12/19/2017 – Ubiquiti Networks was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Ubiquiti Networks Inc (UBNT) traded up $2.97 during trading hours on Friday, hitting $70.43. 709,811 shares of the company’s stock were exchanged, compared to its average volume of 383,712. Ubiquiti Networks Inc has a 1 year low of $45.71 and a 1 year high of $82.30. The firm has a market cap of $5,360.00, a price-to-earnings ratio of 39.79, a PEG ratio of 1.33 and a beta of 0.58.

Ubiquiti Networks (NASDAQ:UBNT) last announced its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.13). Ubiquiti Networks had a return on equity of 45.45% and a net margin of 28.76%. The business had revenue of $250.80 million for the quarter, compared to analyst estimates of $239.89 million. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts forecast that Ubiquiti Networks Inc will post 3.08 earnings per share for the current year.

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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