Ubiquiti Networks (UBNT) Downgraded to Hold at BidaskClub

BidaskClub downgraded shares of Ubiquiti Networks (NASDAQ:UBNT) from a buy rating to a hold rating in a research note published on Tuesday morning, BidAskClub reports.

UBNT has been the topic of a number of other research reports. Zacks Investment Research upgraded Ubiquiti Networks from a hold rating to a buy rating and set a $123.00 target price on the stock in a research report on Monday, February 4th. BMO Capital Markets increased their target price on Ubiquiti Networks from $99.00 to $120.00 and gave the company a market perform rating in a research report on Monday, February 11th. Credit Suisse Group increased their target price on Ubiquiti Networks from $86.00 to $103.00 and gave the company a neutral rating in a research report on Monday, February 11th. Finally, ValuEngine lowered Ubiquiti Networks from a strong-buy rating to a buy rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $101.00.

Shares of NASDAQ UBNT traded down $1.34 during midday trading on Tuesday, reaching $129.92. 2,882 shares of the stock were exchanged, compared to its average volume of 569,045. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.64 and a beta of 1.10. Ubiquiti Networks has a twelve month low of $79.25 and a twelve month high of $174.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 5.03 and a quick ratio of 2.63.

Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings data on Friday, May 10th. The Wireless communications provider reported $1.26 EPS for the quarter, topping 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 business had revenue of $284.90 million for the quarter, compared to analysts’ expectations of $285.96 million. During the same quarter last year, the company earned $0.98 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Analysts anticipate that Ubiquiti Networks will post 4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. Ubiquiti Networks’s dividend payout ratio (DPR) is 27.32%.

In other Ubiquiti Networks news, Director Ronald Sege sold 10,900 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $147.60, for a total value of $1,608,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 78.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. OmniStar Financial Group Inc. lifted its holdings in Ubiquiti Networks by 2.5% in the 4th quarter. OmniStar Financial Group Inc. now owns 3,341 shares of the Wireless communications provider’s stock valued at $332,000 after purchasing an additional 83 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Ubiquiti Networks by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 23,765 shares of the Wireless communications provider’s stock valued at $3,558,000 after purchasing an additional 107 shares in the last quarter. NewSquare Capital LLC lifted its holdings in Ubiquiti Networks by 5.3% in the 1st quarter. NewSquare Capital LLC now owns 2,185 shares of the Wireless communications provider’s stock valued at $327,000 after purchasing an additional 110 shares in the last quarter. Csenge Advisory Group lifted its holdings in Ubiquiti Networks by 7.0% in the 4th quarter. Csenge Advisory Group now owns 2,249 shares of the Wireless communications provider’s stock valued at $223,000 after purchasing an additional 148 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Ubiquiti Networks by 700.0% in the 1st quarter. CENTRAL TRUST Co now owns 200 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 22.21% 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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