Deutsche Bank Maintains Ubiquiti Networks Inc to Hold with Price Target $31.00

Brokerage firm Deutsche Bank Maintains its rating on Ubiquiti Networks Inc(NASDAQ:UBNT). In a research note issued to the investors, the brokerage major Raises the price-target to $31.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 5, 2016.

Ubiquiti Networks Inc (UBNT) shares turned negative on Wednesdays trading session with the shares closing down -0.36 points or -0.72% at a volume of 3,57,872. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.4183. The peak price level was also seen at $50.4183 while the days lowest was $49.42. Finally the shares closed at $49.87. The 52-week high of the shares is $50.83 while the 52-week low is $25.75. According to the latest information available, the market cap of the company is $4,135 M.

Ubiquiti Networks Inc(UBNT) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $185.68M. Analysts had an estimated revenue of $174.47M. Earnings per share were $0.69. Analysts had estimated an EPS of $0.64.

Several Insider Transactions has been reported to the SEC. On Feb 11, 2015, Craig L Foster (Chief Financial Officer) sold 7,044 shares at $29.73 per share price.

Ubiquiti Networks Inc. develops high performance networking technology for service providers and enterprises. The Company’s technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband wireless backhaul systems and routing. The Company’s technology platforms for enterprises enable wireless local area network (WLAN) infrastructure video surveillance products and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.

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