Stock of the Day: What’s in Ubiquiti Networks Inc After Today’s Significant Increase?

Stock of the Day: What's in Ubiquiti Networks Inc After Today's Significant Increase?

The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) is a huge mover today! About 1.85 million shares traded hands or 331.12% 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.
The move comes after 5 months positive chart setup for the $4.40 billion company. It was reported on Nov, 4 by Barchart.com. We have $68.63 PT which if reached, will make NASDAQ:UBNT worth $1.23 billion more.

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. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Underperform” rating given on Thursday, September 17 by BMO Capital Markets. The company was maintained on Friday, August 7 by Deutsche Bank. The firm has “Mkt Underperform” rating by JMP Securities given on Monday, October 19. The rating was downgraded by Raymond James on Friday, August 7 to “Underperform”. Wunderlich downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) rating on Friday, August 7. Wunderlich has “Hold” rating and $36 price target. The company was downgraded on Thursday, August 13 by Zacks. Wunderlich maintained the stock with “Buy” rating in Friday, May 6 report. Wunderlich maintained Ubiquiti Networks Inc (NASDAQ:UBNT) rating on Friday, August 5. Wunderlich has “Buy” rating and $55 price target. The company was upgraded on Friday, October 21 by JMP Securities. As per Friday, February 5, the company rating was upgraded by Raymond James.

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 worsened, 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.
Thompson Davis holds 375 shares or 0.02% of its portfolio. Dimensional Fund Lp has 0.03% invested in the company for 1.14 million shares. Wells Fargo & Mn owns 112,121 shares or 0% of their US portfolio. Cypress Cap Management Ltd Com (Wy) holds 0% or 200 shares in its portfolio. Royal Savings Bank Of Canada reported 32,793 shares or 0% of all its holdings. Wellington Grp Limited Liability Partnership holds 0% or 175,862 shares in its portfolio. Livingston Gru Incorporated Asset Management Company (Operating As Southport Management) has 6,100 shares for 0.13% of their US portfolio. Geode Capital Mgmt Ltd Liability Corp last reported 0% of its portfolio in the stock. Deutsche National Bank & Trust Ag, a Germany-based fund reported 145,412 shares. The Missouri-based Stifel Corporation has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). The New York-based Engineers Gate Manager Ltd Partnership has invested 0.15% in Ubiquiti Networks Inc (NASDAQ:UBNT). Legal General Group Public Ltd Com has 0% invested in the company for 5,804 shares. Suntrust Banks last reported 10,541 shares in the company. Putnam Ltd last reported 37,001 shares in the company. Qs Invsts Limited Liability accumulated 49,300 shares or 0.02% of the stock.

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 Fool.com with their article: “Ubiquiti Networks Inc. Rides UniFi Strength to Another Strong Quarter” published on May 06, 2016, Fool.com published: “Why Ubiquiti Networks Inc. Stock Soared Today” on February 05, 2016. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Globenewswire.com and their article: “Ubiquiti Networks Launches UniFi Mesh Technology” published on November 01, 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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