Auriga Reaffirms Buy Rating on Ubiquiti Networks (UBNT)

By admin | 6 years ago

Ubiquiti Networks (NASDAQ: UBNT)‘s stock had its “buy” rating restated by equities researchers at Auriga in a report issued on Thursday.

Ubiquiti Networks opened at 20.35 on Thursday. Ubiquiti Networks has a 52-week low of $16.25 and a 52-week high of $35.99. The company’s market cap is $1.870 billion.

Ubiquiti Networks last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.03. Ubiquiti Networks’s revenue was up 79.1% compared to the same quarter last year. Analysts expect that Ubiquiti Networks will post $0.29 EPS next quarter.

A number of other firms have also recently commented on UBNT. Analysts at Wedbush initiated coverage on shares of Ubiquiti Networks in a research note to investors on Tuesday, May 8th. They set an “accumulate” rating on the stock. Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Ubiquiti Networks to $40.00 in a research note to investors on Wednesday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Ubiquiti Networks to $37.00 in a research note to investors on Wednesday, May 2nd.

Ubiquiti Networks, Inc. (Ubiquiti) designs, manufactures and sells broadband wireless solutions worldwide.

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