Ubiquiti Networks Inc (UBNT) : Carnegie Capital Asset Management scooped up 4,135 additional shares in Ubiquiti Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 99,100 shares of Ubiquiti Networks Inc which is valued at $4,414,905.Ubiquiti Networks Inc makes up approximately 0.62% of Carnegie Capital Asset Management’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c added UBNT to its portfolio by purchasing 2,628 company shares during the most recent quarter which is valued at $117,077. Ubiquiti Networks Inc makes up approx 0.02% of Spot Trading L.l.c’s portfolio.Lucus Advisors reduced its stake in UBNT by selling 6,807 shares or 42.98% in the most recent quarter. The Hedge Fund company now holds 9,032 shares of UBNT which is valued at $397,679. Ubiquiti Networks Inc makes up approx 0.31% of Lucus Advisors’s portfolio.Simplex Trading reduced its stake in UBNT by selling 356 shares or 17.07% in the most recent quarter. The Hedge Fund company now holds 1,730 shares of UBNT which is valued at $72,349. Ubiquiti Networks Inc makes up approx 0.01% of Simplex Trading’s portfolio.
Ubiquiti Networks Inc opened for trading at $49.57 and hit $50.04 on the upside on Monday, eventually ending the session at $49.66, with a gain of 0.10% or 0.05 points. The heightened volatility saw the trading volume jump to 11,11,504 shares. Company has a market cap of $4,118 M.
On the company’s financial health, Ubiquiti Networks Inc reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.64. The company had revenue of $185.70 million for the quarter, compared to analysts expectations of $174.47 million. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Ubiquiti Networks Inc. Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $48 .Company shares were Upgraded by BMO Capital Markets on May 6, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 37 from a previous price target of $30 .Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .
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.