Live Price Coverage: Is Ubiquiti Networks Inc’s Fuel Running Low? The Stock Reaches 52-Week High Today

Live Price Coverage: Is Ubiquiti Networks Inc's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) hit a new 52-week high and has $82.38 target or 53.00% above today’s $53.84 share price. The 6 months bullish chart indicates low risk for the $4.44 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $82.38 price target is reached, the company will be worth $2.35B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 235,170 shares traded hands. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 64.14% since March 4, 2016 and is uptrending. It has outperformed by 56.10% the S&P500.

Analysts await Ubiquiti Networks Inc (NASDAQ:UBNT) to report earnings on November, 3. They expect $0.65 EPS, up 30.00% or $0.15 from last year’s $0.5 per share. UBNT’s profit will be $53.60M for 20.71 P/E if the $0.65 EPS becomes a reality. After $0.69 actual EPS reported by Ubiquiti Networks Inc for the previous quarter, Wall Street now forecasts -5.80% negative EPS growth.

Ubiquiti Networks Inc (NASDAQ:UBNT) Ratings Coverage

Out of 8 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 13% are positive. Ubiquiti Networks Inc has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) on Monday, September 21 to “Underperform” rating. Wunderlich maintained the shares of UBNT in a report on Friday, August 5 with “Buy” rating. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) earned “Hold” rating by Wunderlich on Friday, August 7. JMP Securities downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) on Monday, October 19 to “Mkt Underperform” rating. On Friday, August 7 the stock rating was maintained by Deutsche Bank with “Hold”. The company was upgraded on Friday, May 6 by BMO Capital Markets. The firm has “Mkt Perform” rating given on Thursday, January 14 by Bernstein. Wunderlich maintained the shares of UBNT in a report on Friday, May 6 with “Buy” rating. The firm earned “Underperform” rating on Friday, August 7 by Raymond James. The rating was downgraded by BMO Capital Markets on Thursday, September 17 to “Underperform”.

According to Zacks Investment Research, “Ubiquiti Networks, Inc. is engaged in the business of designing, manufacturing and selling broadband wireless solutions worldwide. Its products and solutions include radios, antennas and management tools and other applications in the unlicensed radio frequency spectrum. Ubiquiti Networks, Inc. is headquartered in San Jose, California.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.31, from 1.34 in 2016Q1. The ratio dived, as 19 funds sold all Ubiquiti Networks Inc shares owned while 51 reduced positions. 29 funds bought stakes while 43 increased positions. They now own 24.23 million shares or 11.14% less from 27.26 million shares in 2016Q1.
Barclays Pcl has invested 0% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT). New York State Common Retirement Fund has 0% invested in the company for 27,700 shares. Prudential Inc last reported 9,969 shares in the company. Creative Planning, a Kansas-based fund reported 805 shares. Moreover, Ing Groep Nv has 0.01% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 25,385 shares. Huntington Fincl Bank has invested 0% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT). Moreover, Citigroup Incorporated has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 390 shares. Moreover, Wells Fargo And Com Mn has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 112,121 shares. Tudor Invest Et Al holds 0% or 5,400 shares in its portfolio. Grantham Mayo Van Otterloo Lc accumulated 0% or 7,432 shares. Gotham Asset Mgmt Limited Liability Co owns 296,282 shares or 0.14% of their US portfolio. Us National Bank De holds 1,007 shares or 0% of its portfolio. Jane Street Gru Limited Com has 0% invested in the company for 25,482 shares. Dupont Cap Mgmt holds 26,518 shares or 0.02% of its portfolio. Axa has 0% invested in the company for 23,900 shares.

More notable recent Ubiquiti Networks Inc (NASDAQ:UBNT) news were published by: Fool.com which released: “Ubiquiti Networks Inc. Rides UniFi Strength to Another Strong Quarter” on May 06, 2016, also Fool.com with their article: “Why Ubiquiti Networks Inc. Stock Soared Today” published on February 05, 2016, Fool.com published: “Ubiquiti Networks Inc. Reports Meager Growth” on November 09, 2015. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Fool.com and their article: “Why Ubiquiti Networks Inc. Jumped on Friday” published on November 06, 2015 as well as Fool.com‘s news article titled: “Ubiquiti Networks Prepares for “Monster” Growth From UniFi” with publication date: August 09, 2016.

UBNT Company Profile

Ubiquiti Networks, Inc., incorporated on June 24, 2010, develops performance networking technology for service providers and enterprises. The Firm offers a portfolio of networking products and solutions. The Company’s service well-known provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Company’s enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. The Company’s products and solutions include radios, antennas, software, communications protocols and management tools that are designed to deliver carrier and enterprise class wireless broadband access and other services primarily in the unlicensed radio frequency (RF) spectrum. The Company’s service well-known provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX, Point-to-point Wireless Backhaul-airFiber and Solar Platform-sunMAX. The Company’s enterprise solutions include Enterprise WLAN-UniFi, Video Surveillance-UniFi Video, UniFi Switch, UniFi Security Gateway and Machine-To-Machine Communication-mFi.

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