Ubiquiti Networks Inc. Sets New 1-Year High at $43.99 (UBNT)
Ubiquiti Networks (NASDAQ:UBNT) set a new 52-week high during trading on Monday, Analyst Ratings News reports. The stock traded as high as $43.99 and last traded at $41.07, with a volume of 885,686 shares. The stock had previously closed at $41.11.
A number of analysts have recently weighed in on UBNT shares. Analysts at JMP Securities raised their price target on shares of Ubiquiti Networks from $41.00 to $53.00 in a research note to investors on Monday. They now have a “market outperform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Ubiquiti Networks from $25.00 to $35.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Ubiquiti Networks from $36.00 to $46.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $33.95.
In other Ubiquiti Networks news, CTO John Sanford unloaded 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $38.28, for a total transaction of $382,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ubiquiti Networks has a 52-week low of $9.97 and a 52-week high of $41.93. The stock’s 50-day moving average is $34.62 and its 200-day moving average is $23.22. The company has a market cap of $3.601 billion and a price-to-earnings ratio of 46.19.
Ubiquiti Networks (NASDAQ:UBNT) last announced its earnings results on Thursday, August 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis.
Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.
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