A number of research firms have changed their ratings and price targets for Ubiquiti Networks (NASDAQ: UBNT):

  • 9/12/2017 – Ubiquiti Networks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $65.54 price target on the stock.
  • 9/6/2017 – Ubiquiti Networks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $65.54 price target on the stock.
  • 8/30/2017 – Ubiquiti Networks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $65.54 price target on the stock.
  • 8/29/2017 – Ubiquiti Networks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $69.54 price target on the stock.
  • 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.

Ubiquiti Networks, Inc. (NASDAQ:UBNT) opened at 50.615 on Tuesday. The company’s 50-day moving average price is $61.37 and its 200 day moving average price is $53.01. Ubiquiti Networks, Inc. has a 1-year low of $45.71 and a 1-year high of $67.80. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 16.380 and a beta of 0.51.

Ubiquiti Networks (NASDAQ:UBNT) last issued its earnings results on Thursday, August 3rd. The Wireless communications provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.06. Ubiquiti Networks had a return on equity of 45.87% and a net margin of 29.76%. The firm had revenue of $228.60 million for the quarter, compared to analysts’ expectations of $219.14 million. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities analysts expect that Ubiquiti Networks, Inc. will post $3.61 earnings per share for the current fiscal year.

In related news, insider Robert J. Pera sold 1,000,000 shares of Ubiquiti Networks stock in a transaction on Monday, August 28th. The stock was sold at an average price of $61.25, for a total value of $61,250,000.00. Following the transaction, the insider now owns 56,278,181 shares in the company, valued at $3,447,038,586.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 70.34% of the stock is currently owned by company insiders.

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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