News headlines about Ubiquiti Networks (NASDAQ:UBNT) have trended somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ubiquiti Networks earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 45.9342309561714 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
UBNT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Friday, January 12th. ValuEngine downgraded Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. BMO Capital Markets reduced their target price on Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating for the company in a report on Friday, November 10th. BidaskClub raised Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 19th. Finally, Vetr downgraded Ubiquiti Networks from a “hold” rating to a “sell” rating and set a $71.07 price target for the company. in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.95.
Ubiquiti Networks (UBNT) traded down $1.39 on Friday, reaching $78.46. The company’s stock had a trading volume of 355,867 shares, compared to its average volume of 285,746. Ubiquiti Networks has a 52 week low of $45.71 and a 52 week high of $82.30. The stock has a market cap of $6,107.48, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.58.
Ubiquiti Networks (NASDAQ:UBNT) last issued its earnings results on Thursday, November 9th. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. Ubiquiti Networks had a return on equity of 45.45% and a net margin of 28.76%. The business had revenue of $245.90 million during the quarter, compared to analysts’ expectations of $240.39 million. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. equities analysts predict that Ubiquiti Networks will post 3.08 EPS for the current fiscal year.
Ubiquiti Networks declared that its board has approved a stock repurchase program on Thursday, November 9th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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About Ubiquiti Networks
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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