Ubiquiti Networks Receives Average Rating of “Buy” from Analysts (NASDAQ:UBNT)
Shares of Ubiquiti Networks (NASDAQ:UBNT) have been given a consensus recommendation of “Buy” by the fourteen ratings firms that are covering the company, Stock Ratings Network reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.60.
Ubiquiti Networks (NASDAQ:UBNT) opened at 42.37 on Monday. Ubiquiti Networks has a 52 week low of $28.16 and a 52 week high of $56.85. The stock’s 50-day moving average is $41.43 and its 200-day moving average is $42.36. The company has a market cap of $3.734 billion and a price-to-earnings ratio of 21.90.
Ubiquiti Networks (NASDAQ:UBNT) last announced its earnings results on Thursday, August 7th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 54.2% on a year-over-year basis. On average, analysts predict that Ubiquiti Networks will post $2.27 earnings per share for the current fiscal year.
Separately, 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, August 8th.
Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.
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