Ubiquiti Networks (UBNT) Shares are Up 0.56%

Ubiquiti Networks (UBNT) : Traders are bullish on Ubiquiti Networks (UBNT) as it has outperformed the S&P 500 by a wide margin of 1.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.56% in the last 1 week, and is up 0.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 6.73%.The 200 Day SMA reached 39.44%


Ubiquiti Networks (NASDAQ:UBNT): The stock opened in the green at $54 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $54.52 and a low of $53.27 for the day. The stock did not find buyers even at the lows and closed at $53.5 recording a loss of -0.63%. 565,812 shares exchanged hands during the trading day. The stock had closed at $53.5 in the previous days trading.

Ubiquiti Networks (UBNT) : 5 Wall Street analysts covering Ubiquiti Networks (UBNT) believe that the average level the stock could reach for the short term is $36.8. The maximum price target given is $55 and the minimum target for short term is around $24, hence the standard deviation is calculated at $11.5.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.