Ubiquiti Networks (UBNT) : 1 brokerage houses believe that Ubiquiti Networks (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 (UBNT). Zacks Investment Research suggests a Buy with a rank of 2. 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 (UBNT) : Average target price received by Ubiquiti Networks (UBNT) is $36.8 with an expected standard deviation of $11.5. The most aggressive target on the stock is $55, whereas the most downbeat target is $24. 5 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Deutsche Bank maintains its rating on Ubiquiti Networks (NASDAQ:UBNT). As per the latest information, the brokerage house raises the price target to $31 per share from a prior target of $29. The shares have been rated Hold. The rating by the firm was issued on August 5, 2016.
Ubiquiti Networks (NASDAQ:UBNT): The stock opened at $52.9 and touched an intraday high of $52.99 on Wednesday. During the day, the stock corrected to an intraday low of $52.58, however, the bulls stepped in and pushed the price higher to close in the green at $52.81 with a gain of 0.23% for the day. The total traded volume for the day was 158,210. The stock had closed at $52.69 in the previous trading session.
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.