Ubiquiti Networks (NASDAQ: UBNT) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Ubiquiti Networks was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/7/2017 – Ubiquiti Networks had its price target raised by analysts at Deutsche Bank AG from $40.00 to $44.00. They now have a “hold” rating on the stock.
  • 8/4/2017 – Ubiquiti Networks had its “sell” rating reaffirmed by analysts at Credit Suisse Group. They now have a $54.00 price target on the stock.
  • 8/3/2017 – Ubiquiti Networks was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Ubiquiti Networks was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $58.36 price target on the stock.
  • 7/31/2017 – Ubiquiti Networks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Ubiquiti Networks was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $56.18 price target on the stock.
  • 7/16/2017 – Ubiquiti Networks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – Ubiquiti Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ubiquiti’s shares have charted an impressive trajectory in the past one year, outperforming the Zacks-categorized Wireless Equipment industry's gain. The company’s excellent global business model, which is highly flexible and adaptable to any kind of change in markets, has helped it steer past challenges and maximize growth. Over the past few quarters both of Ubiquiti’s business segments are experiencing solid prospects, which, in turn, have stoked its top line. However, macroeconomic problems like currency risks, rising labor costs in China and natural disasters pose concerns for the company. Also, risks related to intellectual property rights are quite high for the company, particularly in some key markets including South America and China, which may pose as headwinds in the future. Moreover, stringent government legislations add to Ubiquiti’s woes.”
  • 6/27/2017 – Ubiquiti Networks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/26/2017 – Ubiquiti Networks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $55.50 price target on the stock.
  • 6/19/2017 – Ubiquiti Networks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $55.50 price target on the stock.
  • 6/12/2017 – Ubiquiti Networks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $55.50 price target on the stock.

Shares of Ubiquiti Networks, Inc. (NASDAQ:UBNT) opened at 66.04 on Thursday. Ubiquiti Networks, Inc. has a 52 week low of $43.56 and a 52 week high of $66.74. The firm has a market cap of $5.30 billion, a PE ratio of 21.71 and a beta of 0.48. The firm’s 50-day moving average is $54.09 and its 200 day moving average is $52.00.

Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Ubiquiti Networks had a return on equity of 47.10% and a net margin of 29.76%. The business had revenue of $228.60 million during the quarter, compared to analysts’ expectations of $219.14 million. During the same quarter last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts forecast that Ubiquiti Networks, Inc. will post $3.64 EPS for the current year.

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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