Ubiquiti Networks (NASDAQ:UBNT) : 1 brokerage houses believe that Ubiquiti Networks (NASDAQ:UBNT) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ubiquiti Networks (NASDAQ:UBNT). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.33.
Ubiquiti Networks (NASDAQ:UBNT) : The most positive equity analysts on Ubiquiti Networks (NASDAQ:UBNT) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $31.29 with an expected fluctuation of $6.73 from the mean.
Company shares have received an average consensus rating of Hold for the current week
Ubiquiti Networks (NASDAQ:UBNT): stock turned positive on Tuesday. Though the stock opened at $36.57, the bulls momentum made the stock top out at $37.2699 level for the day. The stock recorded a low of $36.51 and closed the trading day at $37, in the green by 2.13%. The total traded volume for the day was 894,406. The stock had closed at $36.23 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Financial Officer) of Ubiquiti Networks, Inc., Foster Craig L had sold 7,044 shares worth of $209,418 in a transaction dated February 9, 2015. In this transaction, 7,044 shares were sold at $29.73 per share.
Ubiquiti Networks, Inc., develops high performance networking technology for service providers and enterprises. The Companys technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Companys technology platforms for enterprises enable wireless local area network (WLAN) infrastructure, video surveillance products, and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.