Stock Worth Watching: What Will Happen to Ubiquiti Networks Inc Next? The Stock Just Declined A Lot

Stock Worth Watching: What Will Happen to Ubiquiti Networks Inc Next? The Stock Just Declined A Lot

The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) is a huge mover today! About 583,467 shares traded hands or 59.29% up from the average. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 63.84% since March 9, 2016 and is uptrending. It has outperformed by 56.43% the S&P500.
The move comes after 9 months negative chart setup for the $4.15 billion company. It was reported on Oct, 12 by Barchart.com. We have $47.20 PT which if reached, will make NASDAQ:UBNT worth $290.50 million less.

Analysts await Ubiquiti Networks Inc (NASDAQ:UBNT) to report earnings on November, 3. They expect $0.65 earnings per share, up 30.00% or $0.15 from last year’s $0.5 per share. UBNT’s profit will be $53.15M for 19.52 P/E if the $0.65 EPS becomes a reality. After $0.69 actual earnings per share 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. The firm has “Underperform” rating by BMO Capital Markets given on Monday, September 21. JMP Securities downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) on Monday, October 19 to “Mkt Underperform” rating. The company was upgraded on Friday, May 6 by BMO Capital Markets. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Hold” rating given on Friday, August 7 by Wunderlich. The company was upgraded on Friday, February 5 by Wunderlich. As per Tuesday, October 20, the company rating was downgraded by Morgan Stanley. Raymond James downgraded the stock to “Underperform” rating in Friday, August 7 report. The stock has “Mkt Perform” rating given by Raymond James on Friday, February 5. The rating was downgraded by Bernstein to “Mkt Perform” on Thursday, January 14. On Thursday, August 13 the stock rating was downgraded by Zacks to “Buy”.

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 2016 Q2. Its down 0.31, from 1.34 in 2016Q1. The ratio dropped, 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.
Dupont Capital Mgmt Corporation has invested 0.02% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT). Kempen Capital Mngmt Nv reported 6,378 shares or 0.03% of all its holdings. Gagnon Llc reported 9,355 shares or 0.17% of all its holdings. New York State Common Retirement Fund holds 0% or 27,700 shares in its portfolio. The North Carolina-based Retail Bank Of America De has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Geode Cap Management Ltd Liability accumulated 0% or 198,680 shares. Tiaa Cref Inv Mgmt Limited reported 84,025 shares or 0% of all its holdings. Jpmorgan Chase & Communications owns 217,191 shares or 0% of their US portfolio. Moreover, Carnegie Cap Asset Management Limited Liability Company has 0.62% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 99,100 shares. Moreover, Parametric Portfolio Assoc Limited Liability Corporation has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 42,565 shares. Fmr Lc last reported 0% of its portfolio in the stock. Legal & General Grp Inc Incorporated Public Limited holds 5,804 shares or 0% of its portfolio. Disciplined Growth Mn holds 1.19% or 1.22M shares in its portfolio. Walleye Trading Limited Liability Company, a Minnesota-based fund reported 10,448 shares. The Tennessee-based First Mercantile has invested 0.05% in Ubiquiti Networks Inc (NASDAQ:UBNT).

More notable recent Ubiquiti Networks Inc (NASDAQ:UBNT) news were published by: Forbes.com which released: “Noteworthy Tuesday Option Activity: CELG, UBNT, TRIP” on October 11, 2016, also Fool.com with their article: “Ubiquiti Networks Inc. Rides UniFi Strength to Another Strong Quarter” published on May 06, 2016, Fool.com published: “Why Ubiquiti Networks Inc. Stock Soared Today” on February 05, 2016. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Fool.com and their article: “Ubiquiti Networks Inc. Reports Meager Growth” published on November 09, 2015 as well as Fool.com‘s news article titled: “Why Ubiquiti Networks, Inc. Stock Rose on Friday” with publication date: August 08, 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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