Ubiquiti Networks (UBNT) Scheduled to Post Quarterly Earnings on Wednesday
Ubiquiti Networks (NASDAQ:UBNT) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 7th.
Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings data on Thursday, November 9th. The Wireless communications provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $245.90 million for the quarter, compared to analysts’ expectations of $240.39 million. Ubiquiti Networks had a net margin of 28.76% and a return on equity of 45.45%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. On average, analysts expect Ubiquiti Networks to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Ubiquiti Networks (NASDAQ:UBNT) opened at $81.49 on Wednesday. The company has a market cap of $6,360.00, a PE ratio of 25.87, a P/E/G ratio of 1.38 and a beta of 0.51. Ubiquiti Networks has a 12 month low of $45.71 and a 12 month high of $82.30.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised 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 note on Friday, January 12th. BMO Capital Markets lowered their price objective on shares of Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating on the stock in a research note on Friday, November 10th. Vetr cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $62.28 price objective on the stock. in a research note on Wednesday, October 4th. ValuEngine raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, BidaskClub cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Ubiquiti Networks has a consensus rating of “Hold” and an average price target of $62.95.
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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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