Media stories about Ubiquiti Networks (NASDAQ:UBNT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ubiquiti Networks earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the Wireless communications provider an impact score of 45.4850763838615 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Ubiquiti Networks, Inc. (UBNT) Downgraded by Vetr Inc. (americanbankingnews.com)
- SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Ubiquiti Networks, Inc. of Class Action Lawsuit and Upcoming Deadline – UBNT (finance.yahoo.com)
- INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Ubiquiti Networks, Inc. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- Ubiquiti Networks, Inc. (UBNT) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Ubiquiti Networks, Inc. (UBNT) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
A number of research firms have commented on UBNT. Vetr upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $58.36 price target for the company in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Deutsche Bank AG raised their price target on shares of Ubiquiti Networks from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Ubiquiti Networks currently has a consensus rating of “Buy” and an average target price of $58.06.
Ubiquiti Networks (NASDAQ:UBNT) opened at 56.27 on Monday. The stock’s 50 day moving average is $58.21 and its 200-day moving average is $53.46. Ubiquiti Networks has a one year low of $45.71 and a one year high of $67.80. The firm has a market capitalization of $4.52 billion, a PE ratio of 18.21 and a beta of 0.51.
Ubiquiti Networks (NASDAQ:UBNT) last issued its earnings results on Thursday, August 3rd. The Wireless communications provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. Ubiquiti Networks had a return on equity of 45.87% and a net margin of 29.76%. The business had revenue of $228.60 million for the quarter, compared to analyst estimates of $219.14 million. During the same quarter last year, the company earned $0.69 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. On average, analysts anticipate that Ubiquiti Networks will post $3.68 EPS for the current fiscal year.
Ubiquiti Networks announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 5th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the Wireless communications provider to reacquire up to 18% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, insider Robert J. Pera sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $61.25, for a total transaction of $61,250,000.00. Following the sale, the insider now owns 56,278,181 shares of the company’s stock, valued at approximately $3,447,038,586.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 70.34% of the stock is currently owned by company insiders.
About Ubiquiti Networks
Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.
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