Ubiquiti Networks, Inc. (UBNT) Scheduled to Post Quarterly Earnings on Wednesday
Ubiquiti Networks, Inc. (NASDAQ:UBNT) is set to issue its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Ubiquiti Networks has set its Q4 guidance at $0.70 – $0.75 EPS.
Ubiquiti Networks (NASDAQ:UBNT) last posted its quarterly earnings data on Thursday, May 4th. The Wireless communications provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. The company had revenue of $218.36 million during the quarter, compared to analysts’ expectations of $213.63 million. Ubiquiti Networks had a net margin of 30.95% and a return on equity of 48.86%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. On average, analysts expect Ubiquiti Networks to post $3.03 EPS for the current fiscal year and $3.20 EPS for the next fiscal year.
Ubiquiti Networks, Inc. (NASDAQ UBNT) opened at 53.24 on Wednesday. Ubiquiti Networks, Inc. has a 52-week low of $43.56 and a 52-week high of $64.62. The firm has a market capitalization of $4.27 billion, a PE ratio of 17.50 and a beta of 0.47. The firm’s 50-day moving average is $51.00 and its 200-day moving average is $51.90.
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A number of equities research analysts have commented on the company. BidaskClub downgraded Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Vetr downgraded Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $55.50 target price for the company. in a report on Monday, June 26th. Deutsche Bank AG raised their target price on Ubiquiti Networks from $38.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $44.00 target price on shares of Ubiquiti Networks in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Ubiquiti Networks presently has a consensus rating of “Hold” and a consensus target price of $48.75.
Ubiquiti Networks Company Profile
Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.
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