Ubiquiti Networks Inc. Reaches New 12-Month High at $37.77 (UBNT)
Ubiquiti Networks (NASDAQ:UBNT)’s share price reached a new 52-week high during trading hours on Friday, Analyst Ratings Network.com reports. The company traded as high as $37.77 and last traded at $36.63, with a volume of 618,094 shares traded. The stock had previously closed at $35.25.
Several analysts have recently commented on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of Ubiquiti Networks (NASDAQ:UBNT) in a research note to investors on Wednesday, September 25th. They now have a $40.00 price target on the stock. Separately, analysts at JMP Securities raised their price target on shares of Ubiquiti Networks (NASDAQ:UBNT) from $35.00 to $41.00 in a research note to investors on Wednesday, September 25th. They now have a “market outperform” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Ubiquiti Networks (NASDAQ:UBNT) in a research note to investors on Wednesday, September 18th. They set a “neutral” rating and a $33.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Ubiquiti Networks currently has a consensus rating of “Buy” and a consensus target price of $30.49.
Ubiquiti Networks has a one year low of $9.97 and a one year high of $37.40. The stock has a 50-day moving average of $32.7 and a 200-day moving average of $21.40. The company has a market cap of $3.201 billion and a price-to-earnings ratio of 39.61.
Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.06. The company had revenue of $101.20 million for the quarter, compared to the consensus estimate of $93.28 million. During the same quarter last year, the company posted $0.30 earnings per share. Ubiquiti Networks’s revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that Ubiquiti Networks will post $1.63 earnings per share for the current fiscal year.
Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.
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