Ubiquiti Networks Inc (NASDAQ:UBNT) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $61.69.
UBNT has been the subject of several research reports. BidaskClub raised Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 19th. ValuEngine raised Ubiquiti Networks from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research downgraded Ubiquiti Networks from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Vetr downgraded Ubiquiti Networks from a “hold” rating to a “sell” rating and set a $71.07 target price for the company. in a research report on Thursday, January 4th. Finally, BMO Capital Markets lifted their target price on Ubiquiti Networks from $60.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, February 9th.
Several institutional investors have recently made changes to their positions in UBNT. Anchor Capital Advisors LLC acquired a new position in shares of Ubiquiti Networks during the third quarter worth about $20,244,000. Jackson Square Partners LLC grew its position in shares of Ubiquiti Networks by 21.1% during the third quarter. Jackson Square Partners LLC now owns 1,316,083 shares of the Wireless communications provider’s stock worth $73,726,000 after buying an additional 228,986 shares in the last quarter. Hunt Lane Capital LP grew its position in shares of Ubiquiti Networks by 10.9% during the fourth quarter. Hunt Lane Capital LP now owns 698,544 shares of the Wireless communications provider’s stock worth $49,611,000 after buying an additional 68,544 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Ubiquiti Networks during the fourth quarter worth about $4,681,000. Finally, Pier Capital LLC acquired a new position in shares of Ubiquiti Networks during the third quarter worth about $2,827,000. 30.40% of the stock is owned by institutional investors and hedge funds.
Ubiquiti Networks (NASDAQ UBNT) traded up $0.79 during midday trading on Tuesday, reaching $69.85. The company’s stock had a trading volume of 777,888 shares, compared to its average volume of 673,121. The firm has a market cap of $5,470.00, a P/E ratio of 21.90, a P/E/G ratio of 1.88 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 10.00 and a current ratio of 10.94. Ubiquiti Networks has a 52 week low of $45.71 and a 52 week high of $82.30.
Ubiquiti Networks (NASDAQ:UBNT) last released its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The company had revenue of $250.80 million during the quarter, compared to the consensus estimate of $239.89 million. Ubiquiti Networks had a return on equity of 47.42% and a net margin of 15.73%. Ubiquiti Networks’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. sell-side analysts anticipate that Ubiquiti Networks will post 1.93 EPS for the current fiscal year.
Ubiquiti Networks declared that its Board of Directors has approved a share buyback program on Thursday, November 9th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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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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