The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) reached all time high today, Nov, 4 and still has $76.91 target or 43.00% above today’s $53.78 share price. This indicates more upside for the $4.42B company. This technical setup was reported by Barchart.com. If the $76.91 PT is reached, the company will be worth $1.90 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.41M shares traded hands or 228.59% up from the average. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 52.28% since April 4, 2016 and is uptrending. It has outperformed by 51.19% the S&P500.
Ubiquiti Networks Inc (NASDAQ:UBNT) Ratings Coverage
Out of 8 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Ubiquiti Networks Inc has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. JMP Securities upgraded Ubiquiti Networks Inc (NASDAQ:UBNT) on Friday, October 21 to “Mkt Perform” rating. Raymond James downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) on Friday, August 7 to “Underperform” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 7 report. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) earned “Mkt Underperform” rating by JMP Securities on Monday, October 19. BMO Capital Markets downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) rating on Monday, September 21. BMO Capital Markets has “Underperform” rating and $30 price target. The firm has “Buy” rating given on Friday, August 5 by Wunderlich. The firm earned “Buy” rating on Friday, November 4 by Wunderlich. As per Thursday, August 13, the company rating was downgraded by Zacks. On Sunday, August 9 the stock rating was maintained by FBN Securities with “Buy”. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) earned “Mkt Perform” rating by Raymond James on Friday, February 5.
According to Zacks Investment Research, “Ubiquiti Networks, Inc. is engaged in the business of designing, manufacturing and selling broadband wireless solutions worldwide. Its products and solutions include radios, antennas and management tools and other applications in the unlicensed radio frequency spectrum. Ubiquiti Networks, Inc. is headquartered in San Jose, California.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.31, from 1.34 in 2016Q1. The ratio fall, as 19 funds sold all Ubiquiti Networks Inc shares owned while 51 reduced positions. 29 funds bought stakes while 43 increased positions. They now own 24.23 million shares or 11.14% less from 27.26 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Piedmont Advisors Llc last reported 0% of its portfolio in the stock. Royal Financial Bank Of Canada has invested 0% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT). Aqr Cap Limited Liability Company, a Connecticut-based fund reported 97,443 shares. Moreover, Blackrock has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 16,995 shares. Ahl Partners Limited Liability Partnership last reported 0.05% of its portfolio in the stock. Blackrock Institutional Na last reported 844,729 shares in the company. Parametric Assoc Limited Liability Corporation holds 0% or 42,565 shares in its portfolio. Old National National Bank & Trust In has 0.02% invested in the company for 11,259 shares. Oxford Asset Mngmt has 0.05% invested in the company for 28,871 shares. New Amsterdam Limited Liability Corp Ny holds 2.26% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT) for 240,905 shares. Great West Life Assurance Company Can reported 2,700 shares or 0% of all its holdings. Engineers Gate Manager L P has 52,676 shares for 0.15% of their US portfolio. Vanguard last reported 0% of its portfolio in the stock. Woodstock Corporation holds 0.09% or 11,863 shares in its portfolio.
More notable recent Ubiquiti Networks Inc (NASDAQ:UBNT) news were published by: Fool.com which released: “Ubiquiti Networks Sustains Its Positive Momentum” on November 04, 2016, also Rttnews.com with their article: “Ubiquiti Networks Inc. (UBNT) Has Jumped To A New High On Q1 Results” published on November 04, 2016, Fool.com published: “Ubiquiti Networks Inc. Rides UniFi Strength to Another Strong Quarter” on May 06, 2016. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Fool.com and their article: “Why Ubiquiti Networks Inc. Stock Soared Today” published on February 05, 2016 as well as Fool.com‘s news article titled: “Ubiquiti Networks Inc. Reports Meager Growth” with publication date: November 09, 2015.
UBNT Company Profile
Ubiquiti Networks, Inc., incorporated on June 24, 2010, develops performance networking technology for service providers and enterprises. The Firm offers a portfolio of networking products and solutions. The Company’s service well-known provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Company’s enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. The Company’s products and solutions include radios, antennas, software, communications protocols and management tools that are designed to deliver carrier and enterprise class wireless broadband access and other services primarily in the unlicensed radio frequency (RF) spectrum. The Company’s service well-known provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX, Point-to-point Wireless Backhaul-airFiber and Solar Platform-sunMAX. The Company’s enterprise solutions include Enterprise WLAN-UniFi, Video Surveillance-UniFi Video, UniFi Switch, UniFi Security Gateway and Machine-To-Machine Communication-mFi.
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