Ubiquiti Networks (UBNT) Receives Consensus Recommendation of “Hold” from Analysts

Ubiquiti Networks (NASDAQ:UBNT) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $61.69.

UBNT has been the subject of a number of analyst reports. BidaskClub raised Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 19th. ValuEngine raised Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Vetr cut Ubiquiti Networks from a “hold” rating to a “sell” rating and set a $71.07 price objective for the company. in a research note on Thursday, January 4th. BMO Capital Markets lifted their price objective on Ubiquiti Networks from $60.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research cut Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Monday, January 15th.

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Large investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado acquired a new position in Ubiquiti Networks in the fourth quarter valued at about $104,000. Xact Kapitalforvaltning AB acquired a new position in Ubiquiti Networks in the fourth quarter valued at about $203,000. Amalgamated Bank acquired a new position in Ubiquiti Networks in the fourth quarter valued at about $216,000. HPM Partners LLC acquired a new position in Ubiquiti Networks in the fourth quarter valued at about $217,000. Finally, Aperio Group LLC acquired a new position in Ubiquiti Networks in the fourth quarter valued at about $251,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Ubiquiti Networks stock traded down $2.32 during trading on Friday, reaching $70.32. 277,495 shares of the company were exchanged, compared to its average volume of 393,487. The company has a quick ratio of 10.00, a current ratio of 10.94 and a debt-to-equity ratio of 0.95. Ubiquiti Networks has a twelve month low of $45.71 and a twelve month high of $82.30. The stock has a market cap of $5,643.17, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79.

Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. Ubiquiti Networks had a return on equity of 47.42% and a net margin of 15.73%. The business had revenue of $250.80 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. analysts expect that Ubiquiti Networks will post 1.93 EPS for the current fiscal year.

Ubiquiti Networks declared that its board has initiated a share repurchase plan on Thursday, February 8th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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Ubiquiti Networks Company Profile

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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