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Ubiquiti Networks (NASDAQ:UBNT) has earned an average rating of “Buy” from the fourteen analysts that are presently covering the company, StockRatingsNetwork reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.60.

A number of analysts have recently weighed in on UBNT shares. Analysts at BMO Capital Markets raised their price target on shares of Ubiquiti Networks from $51.00 to $55.00 in a research note on Friday. 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.

Shares of Ubiquiti Networks (NASDAQ:UBNT) traded up 2.21% during mid-day trading on Monday, hitting $43.02. The stock had a trading volume of 304,607 shares. Ubiquiti Networks has a 1-year low of $25.06 and a 1-year high of $56.85. The stock’s 50-day moving average is $41.67 and its 200-day moving average is $42.35. The company has a market cap of $3.791 billion and a price-to-earnings ratio of 21.37.

Ubiquiti Networks (NASDAQ:UBNT) last announced its earnings results on Thursday, August 7th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. The company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $151.03 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. Analysts expect that Ubiquiti Networks will post $2.26 EPS for the current fiscal year.

Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.

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