Ubiquiti Networks (UBNT) PT Raised to $55.00

Ubiquiti Networks (NASDAQ:UBNT) had its target price boosted by Deutsche Bank from $47.00 to $55.00 in a research report released on Friday, February 9th. Deutsche Bank currently has a hold rating on the Wireless communications provider’s stock.

UBNT has been the subject of a number of other reports. Zacks Investment Research lowered Ubiquiti Networks from a buy rating to a hold rating in a research report on Thursday, November 16th. BidaskClub raised Ubiquiti Networks from a buy rating to a strong-buy rating in a research report on Tuesday, December 19th. Vetr raised Ubiquiti Networks from a sell rating to a hold rating and set a $74.74 target price for the company in a research report on Monday, February 5th. ValuEngine lowered Ubiquiti Networks from a buy rating to a hold rating in a research report on Thursday, November 16th. Finally, BMO Capital Markets decreased their target price on Ubiquiti Networks from $66.00 to $60.00 and set a positive rating for the company in a research report on Friday, November 10th. One 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 assigned a strong buy rating to the company. Ubiquiti Networks currently has an average rating of Hold and a consensus target price of $65.75.

Ubiquiti Networks (UBNT) traded down $1.25 during mid-day trading on Friday, hitting $74.04. The stock had a trading volume of 228,563 shares, compared to its average volume of 397,155. Ubiquiti Networks has a 1 year low of $45.71 and a 1 year 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 company has a market cap of $5,670.00, a price-to-earnings ratio of 23.21, a PEG ratio of 2.10 and a beta of 0.58.

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

Ubiquiti Networks declared that its board has initiated a share repurchase plan on Thursday, November 9th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Ubiquiti Networks by 4.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,958 shares of the Wireless communications provider’s stock valued at $102,000 after purchasing an additional 80 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Ubiquiti Networks by 6.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,894 shares of the Wireless communications provider’s stock valued at $826,000 after purchasing an additional 916 shares during the last quarter. Burney Co. boosted its stake in Ubiquiti Networks by 1.6% during the 4th quarter. Burney Co. now owns 56,998 shares of the Wireless communications provider’s stock valued at $4,048,000 after purchasing an additional 921 shares during the last quarter. Voya Investment Management LLC boosted its stake in Ubiquiti Networks by 8.6% during the 2nd quarter. Voya Investment Management LLC now owns 12,920 shares of the Wireless communications provider’s stock valued at $671,000 after purchasing an additional 1,027 shares during the last quarter. Finally, American International Group Inc. boosted its stake in Ubiquiti Networks by 8.1% during the 3rd quarter. American International Group Inc. now owns 15,508 shares of the Wireless communications provider’s stock valued at $869,000 after purchasing an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 33.33% of the company’s stock.

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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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