Ubiquiti Networks Inc (NASDAQ:UBNT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ubiquiti Networks Inc (NASDAQ:UBNT) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $100.60.

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Winmark from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th.

UBNT traded down $0.85 on Friday, reaching $133.39. The stock had a trading volume of 6,244 shares, compared to its average volume of 302,514. Ubiquiti Networks has a 12-month low of $79.55 and a 12-month high of $174.95. The company has a current ratio of 5.03, a quick ratio of 3.40 and a debt-to-equity ratio of 2.33. The company has a 50-day moving average price of $129.39. The company has a market cap of $9.49 billion, a P/E ratio of 36.67, a P/E/G ratio of 1.70 and a beta of 1.33.

Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings data on Friday, May 10th. The Wireless communications provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.16. Ubiquiti Networks had a net margin of 28.11% and a return on equity of 152.60%. The company had revenue of $284.90 million during the quarter, compared to analysts’ expectations of $285.96 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts predict that Ubiquiti Networks will post 4.44 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Ubiquiti Networks during the fourth quarter worth about $34,971,000. First Trust Advisors LP boosted its position in Ubiquiti Networks by 3.6% during the first quarter. First Trust Advisors LP now owns 334,984 shares of the Wireless communications provider’s stock worth $50,150,000 after acquiring an additional 11,615 shares during the last quarter. Deutsche Bank AG boosted its position in Ubiquiti Networks by 220.1% during the fourth quarter. Deutsche Bank AG now owns 90,253 shares of the Wireless communications provider’s stock worth $8,970,000 after acquiring an additional 62,062 shares during the last quarter. FMR LLC boosted its position in Ubiquiti Networks by 34.7% during the first quarter. FMR LLC now owns 71,225 shares of the Wireless communications provider’s stock worth $10,663,000 after acquiring an additional 18,361 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Ubiquiti Networks by 93.4% during the fourth quarter. Millennium Management LLC now owns 59,975 shares of the Wireless communications provider’s stock worth $5,962,000 after acquiring an additional 28,965 shares during the last quarter. Hedge funds and other institutional investors own 20.85% of the company’s stock.

Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. 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 WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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Analyst Recommendations for Ubiquiti Networks (NASDAQ:UBNT)

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