Ubiquiti Networks (UBNT) Receives News Sentiment Score of -0.03

Headlines about Ubiquiti Networks (NASDAQ:UBNT) have trended somewhat negative on Friday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ubiquiti Networks earned a daily sentiment score of -0.03 on Accern’s scale. Accern also gave media coverage about the Wireless communications provider an impact score of 43.9039725839185 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

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UBNT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Friday, January 12th. BidaskClub cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. TheStreet cut shares of Ubiquiti Networks from an “a” rating to a “c+” rating in a research report on Friday, February 9th. Finally, Vetr upgraded shares of Ubiquiti Networks from a “sell” rating to a “hold” rating and set a $74.74 price target for the company in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.75.

Shares of Ubiquiti Networks (NASDAQ:UBNT) traded up $0.42 during trading hours on Friday, hitting $71.29. 340,488 shares of the stock traded hands, compared to its average volume of 642,429. Ubiquiti Networks has a 12 month low of $45.71 and a 12 month high of $82.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 10.00 and a current ratio of 10.94. The firm has a market cap of $5,424.09, a PE ratio of 40.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81.

Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. Ubiquiti Networks had a net margin of 15.73% and a return on equity of 47.42%. The company had revenue of $250.80 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter in the previous year, the company earned $0.72 EPS. Ubiquiti Networks’s revenue was up 17.5% on a year-over-year basis. sell-side analysts anticipate that Ubiquiti Networks will post 1.93 EPS for the current year.

Ubiquiti Networks announced that its Board of Directors has approved a stock repurchase program on Thursday, February 8th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the Wireless communications provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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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