Ubiquiti Networks (UBNT) Receives Analyst Rating

Ubiquiti Networks (UBNT) : The consensus on Ubiquiti Networks (UBNT) based on 9 analyst recommendation on the company stock is 3.33, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Ubiquiti Networks (UBNT).

Ubiquiti Networks (UBNT) : 5 investment research analysts covering Ubiquiti Networks (UBNT) have an average price target of $36.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $55 and the lowest target is $24 for the short term. Analysts expect the variance to be within $11.5 of the average price.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Ubiquiti Networks (NASDAQ:UBNT). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank raises the price target from $29 per share to $31 per share. The rating by the firm was issued on August 5, 2016.

Ubiquiti Networks (NASDAQ:UBNT): The stock opened in the green at $53.07 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $54 and a low of $52.62 for the day. The stock did not find buyers even at the lows and closed at $52.81 recording a loss of -0.02%. 658,637 shares exchanged hands during the trading day. The stock had closed at $52.82 in the previous days trading.

Ubiquiti Networks, Inc., develops high performance networking technology for service providers and enterprises. The Companys technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Companys 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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