A number of other brokerages have also issued reports on UBNT. Credit Suisse Group raised their price target on Ubiquiti Networks from $86.00 to $103.00 and gave the stock a neutral rating in a research note on Monday, February 11th. Zacks Investment Research lowered Ubiquiti Networks from a strong-buy rating to a hold rating in a research note on Monday, January 14th. BidaskClub raised Ubiquiti Networks from a buy rating to a strong-buy rating in a research note on Wednesday, February 13th. Finally, BMO Capital Markets raised their price target on Ubiquiti Networks from $99.00 to $120.00 and gave the stock a market perform rating in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $101.00.
Shares of NASDAQ:UBNT traded down $1.99 during trading on Monday, hitting $129.27. The company had a trading volume of 1,752 shares, compared to its average volume of 569,045. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.64 and a beta of 1.10. Ubiquiti Networks has a one year low of $79.25 and a one year high of $174.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 5.03 and a quick ratio of 2.63.
Ubiquiti Networks (NASDAQ:UBNT) last posted its quarterly earnings data on Friday, May 10th. The Wireless communications provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.16. The business had revenue of $284.90 million during the quarter, compared to analyst estimates of $285.96 million. Ubiquiti Networks had a return on equity of 152.60% and a net margin of 28.11%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. As a group, analysts expect that Ubiquiti Networks will post 4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 20th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, May 17th. Ubiquiti Networks’s dividend payout ratio is currently 27.32%.
In related news, Director Ronald Sege sold 10,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $147.60, for a total transaction of $1,608,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 78.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OmniStar Financial Group Inc. increased its holdings in Ubiquiti Networks by 2.5% during the 4th quarter. OmniStar Financial Group Inc. now owns 3,341 shares of the Wireless communications provider’s stock worth $332,000 after purchasing an additional 83 shares during the period. California State Teachers Retirement System increased its holdings in Ubiquiti Networks by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 23,765 shares of the Wireless communications provider’s stock worth $3,558,000 after purchasing an additional 107 shares during the period. NewSquare Capital LLC increased its holdings in Ubiquiti Networks by 5.3% during the 1st quarter. NewSquare Capital LLC now owns 2,185 shares of the Wireless communications provider’s stock worth $327,000 after purchasing an additional 110 shares during the period. Csenge Advisory Group increased its holdings in Ubiquiti Networks by 7.0% during the 4th quarter. Csenge Advisory Group now owns 2,249 shares of the Wireless communications provider’s stock worth $223,000 after purchasing an additional 148 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in Ubiquiti Networks by 700.0% during the 1st quarter. CENTRAL TRUST Co now owns 200 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 175 shares during the period. Institutional investors own 22.21% 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.
See Also: Marijuana Stocks Future Looks Bright
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ubiquiti Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ubiquiti Networks and related companies with MarketBeat.com's FREE daily email newsletter.