News headlines about Ubiquiti Networks (NASDAQ:UBNT) have been trending somewhat negative on Sunday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 -0.03 on Accern’s scale. Accern also gave press coverage about the Wireless communications provider an impact score of 43.9363392305946 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Ubiquiti Networks (UBNT) vs. Calix (CALX) Head-To-Head Analysis (americanbankingnews.com)
- Nokia’s Latest Acquisition Could Hurt Ubiquiti Networks (nwitimes.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Ubiquiti Networks, Inc. of Commencement of … – EconoTimes (econotimes.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Ubiquiti Networks, Inc. of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 23, 2018 – UBNT (markets.financialcontent.com)
- The Klein Law Firm Notifies Investors of Commencement of a Class Action Filed on Behalf of Ubiquiti Networks, Inc. Shareholders and a Lead Plaintiff Deadline of April 23, 2018 (UBNT) (finance.yahoo.com)
Several brokerages have issued reports on UBNT. ValuEngine upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research upgraded shares of Ubiquiti Networks from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. TheStreet cut shares of Ubiquiti Networks from an “a” rating to a “c+” rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on shares of Ubiquiti Networks from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Finally, Deutsche Bank increased their target price on shares of Ubiquiti Networks from $47.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.75.
Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Ubiquiti Networks had a net margin of 15.73% and a return on equity of 47.42%. The business had revenue of $250.80 million for the quarter, compared to analysts’ expectations of $239.89 million. During the same period last year, the business earned $0.72 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts predict that Ubiquiti Networks will post 1.93 earnings per share for the current fiscal year.
Ubiquiti Networks announced that its board has authorized a share repurchase plan on Thursday, February 8th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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About Ubiquiti Networks
Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers worldwide. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products.
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