Ubiquiti Networks (UBNT) Rating Increased to Strong-Buy at BidaskClub

Ubiquiti Networks (NASDAQ:UBNT) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Other analysts also recently issued research reports about the company. Deutsche Bank boosted their price objective on Ubiquiti Networks from $47.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, February 9th. TheStreet downgraded Ubiquiti Networks from an “a” rating to a “c+” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Friday, January 12th. BMO Capital Markets boosted their price objective 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. Finally, ValuEngine upgraded Ubiquiti Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.75.

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UBNT stock traded down $0.87 during midday trading on Friday, hitting $73.94. The company had a trading volume of 25,518 shares, compared to its average volume of 553,513. 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. The company has a market capitalization of $5,768.24, a P/E ratio of 24.21, a PEG ratio of 2.07 and a beta of 0.79.



Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share for the quarter, beating 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 the consensus estimate of $239.89 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. equities analysts predict that Ubiquiti Networks will post 1.93 earnings per share for the current year.

Ubiquiti Networks declared that its board has initiated a stock buyback plan on Thursday, February 8th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado purchased a new position in shares of Ubiquiti Networks during the fourth quarter valued at approximately $104,000. Xact Kapitalforvaltning AB purchased a new stake in Ubiquiti Networks in the fourth quarter worth $203,000. Amalgamated Bank purchased a new stake in Ubiquiti Networks in the fourth quarter worth $216,000. HPM Partners LLC purchased a new stake in Ubiquiti Networks in the fourth quarter worth $217,000. Finally, Aperio Group LLC purchased a new stake in Ubiquiti Networks in the fourth quarter worth $251,000. 31.12% of the stock is currently owned by hedge funds and other institutional investors.

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Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers worldwide. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products.

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