News stories about Ubiquiti Networks (NASDAQ:UBNT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ubiquiti Networks earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 45.9342309561714 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Research Report Identifies Ubiquiti Networks, Semtech, MCBC, The RMR Group, Camden National, and Flexsteel Industries with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement (finance.yahoo.com)
- Ubiquiti Networks, Inc. (UBNT) Stock Recap – Wall Street Morning (wallstreetmorning.com)
- Ubiquiti Networks, Inc. (NASDAQ:UBNT) – Brief Overview on Stock’s Performances – Nasdaq Journal (press release) (nasdaqjournal.com)
- Why Ubiquiti Networks, Inc. Stock Popped 22.9% in 2017 – Madison.com (host.madison.com)
- Why Ubiquiti Networks, Inc. Stock Popped 22.9% in 2017 – Motley Fool (fool.com)
Ubiquiti Networks (NASDAQ UBNT) traded up $1.49 on Friday, reaching $75.01. 347,478 shares of the company’s stock were exchanged, compared to its average volume of 281,195. Ubiquiti Networks has a twelve month low of $45.71 and a twelve month high of $76.93. The stock has a market cap of $5,840.00, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51.
Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, November 9th. The Wireless communications provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The firm had revenue of $245.90 million for the quarter, compared to analyst estimates of $240.39 million. Ubiquiti Networks had a net margin of 28.76% and a return on equity of 45.45%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. equities research analysts expect that Ubiquiti Networks will post 3.35 earnings per share for the current fiscal year.
Ubiquiti Networks announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 9th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several analysts have recently commented on the company. Zacks Investment Research lowered Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Monday. Vetr lowered Ubiquiti Networks from a “hold” rating to a “sell” rating and set a $71.07 target price for the company. in a research note on Thursday, January 4th. BidaskClub upgraded Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 19th. ValuEngine lowered Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, BMO Capital Markets dropped their target price on Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating on the stock in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ubiquiti Networks currently has a consensus rating of “Hold” and an average price target of $62.21.
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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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