ValuEngine upgraded shares of Ubiquiti Networks (NASDAQ:UBNT) from a buy rating to a strong-buy rating in a research note released on Friday.
UBNT has been the topic of several other reports. Zacks Investment Research upgraded shares of Ubiquiti Networks from a hold rating to a buy rating and set a $114.00 target price on the stock in a research report on Tuesday, January 15th. Credit Suisse Group restated a hold rating and set a $86.00 target price on shares of Ubiquiti Networks in a research report on Thursday, December 20th. BMO Capital Markets upped their target price on shares of Ubiquiti Networks to $99.00 and gave the stock a market perform rating in a research report on Monday, November 12th. BidaskClub lowered shares of Ubiquiti Networks from a strong-buy rating to a buy rating in a research report on Saturday, December 22nd. Finally, JMP Securities restated a hold rating on shares of Ubiquiti Networks in a research report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Ubiquiti Networks presently has a consensus rating of Hold and a consensus price target of $96.60.
NASDAQ UBNT opened at $128.99 on Friday. The stock has a market cap of $8.82 billion, a P/E ratio of 35.24, a PEG ratio of 2.40 and a beta of 1.04. Ubiquiti Networks has a 52-week low of $49.40 and a 52-week high of $130.52. The company has a debt-to-equity ratio of 1.68, a current ratio of 6.12 and a quick ratio of 5.20.
Ubiquiti Networks (NASDAQ:UBNT) last issued its earnings results on Friday, February 8th. The Wireless communications provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. Ubiquiti Networks had a net margin of 30.29% and a return on equity of 113.64%. The company had revenue of $307.28 million for the quarter, compared to analyst estimates of $276.44 million. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, sell-side analysts predict that Ubiquiti Networks will post 3.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 25th. Shareholders of record on Monday, February 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, February 14th. This represents a $1.00 annualized dividend and a yield of 0.78%. Ubiquiti Networks’s payout ratio is currently 27.32%.
In other news, Director Ronald Sege sold 6,250 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $110.19, for a total value of $688,687.50. Following the sale, the director now directly owns 6,250 shares in the company, valued at $688,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 78.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new stake in shares of Ubiquiti Networks in the fourth quarter valued at approximately $80,000. Bremer Trust National Association acquired a new stake in shares of Ubiquiti Networks in the fourth quarter valued at approximately $80,000. WealthTrust Fairport LLC acquired a new stake in shares of Ubiquiti Networks in the third quarter valued at approximately $117,000. Strs Ohio acquired a new stake in shares of Ubiquiti Networks in the fourth quarter valued at approximately $175,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Ubiquiti Networks in the fourth quarter valued at approximately $176,000. Institutional investors and hedge funds own 24.26% of the company’s stock.
About Ubiquiti Networks
Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
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