Ubiquiti Networks (UBNT) to Release Quarterly Earnings on Thursday
Ubiquiti Networks (NASDAQ:UBNT) will announce its Q414 earnings results on Thursday, August 7th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $151.03 million for the quarter.
Ubiquiti Networks (NASDAQ:UBNT) opened at 38.58 on Wednesday. Ubiquiti Networks has a 52-week low of $20.11 and a 52-week high of $56.85. The stock has a 50-day moving average of $42.06 and a 200-day moving average of $42.40. The company has a market cap of $3.399 billion and a P/E ratio of 22.77.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Ubiquiti Networks from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 13th. They now have a $34.50 price target on the stock. On a related note, analysts at Raymond James upgraded shares of Ubiquiti Networks from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. They now have a $50.00 price target on the stock, up previously from $31.57. They noted that the move was a valuation call. Finally, analysts at Macquarie cut their price target on shares of Ubiquiti Networks from $65.00 to $55.00 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.05.
Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.
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