Economy

Ubiquiti Networks Inc's (NASDAQ:UBNT) Sentiment is 0.76

This translates into $60.27M profit for UBNT giving the stock a 19.66 P/E. After having $1.18 EPS previously, Northern Trust Corporation's analysts see -2.54% EPS growth. The stock managed 5.86% rise and now stands at $60.32 as of October 13, 2017. These shares are worth $61,250,000 and were traded at $61.25 each.

Edgepoint Investment Group Inc increased Ubiquiti Networks Inc (UBNT) stake by 10.01% reported in 2017Q2 SEC filing. Therefore 11% are positive. Ubiquiti Networks has a one year low of $45.71 and a one year high of $67.80. They presently have a $62.28 target price on the Wireless communications provider's stock. BidaskClub raised Ubiquiti Networks from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, August 8th.

Several analysts have released their opinion on Ubiquiti Networks, Inc. Wunderlich upgraded Ubiquiti Networks Inc (NASDAQ:UBNT) rating on Friday, February 5. Raymond James Fincl Ser Advisors has invested 0.01% in Ubiquiti Networks Inc (NASDAQ:UBNT). Raymond James downgraded the stock to "Underperform" rating in Friday, August 7 report. The company was maintained on Sunday, August 9 by FBN Securities. The company was maintained on Monday, August 7 by Deutsche Bank. The stock has "Market Perform" rating by BMO Capital Markets on Friday, May 6. The stock has "Underperform" rating by Credit Suisse on Friday, February 10. To measure price-variation, we found UBNT's volatility during a week at 2.8% and during a month it has been found around 3.98%. The value of the investment in Ubiquiti Networks, Inc. went from $946,000 to $7,000,000 a change of 640.0% since the last quarter. It has outperformed by 13.14% the S&P500.

VP BUSINESS DEVELOPMENT, Moore Benjamin, sold 150,000 common shares of Ubiquiti Networks, Inc. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 19.52 and a beta of 0.51. The Company offers a portfolio of networking products and solutions. It has a 19.04 P/E ratio. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

Investors sentiment decreased to 0.76 in Q2 2017. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 3.25 average brokerage recommendation. Ameritas Investment Partners Inc. purchased a new position in shares of Ubiquiti Networks during the first quarter valued at $113,000. Sold All: 25 Reduced: 59 Increased: 39 New Position: 25. Zacks Investment Research raised Ubiquiti Networks from a "hold" rating to a "buy" rating and set a $64.00 price target on the stock in a research report on Thursday, October 5th. Schwab Charles Management owns 142,522 shares. Hussman Strategic owns 100,000 shares for 1.15% of their portfolio. Carnegie Capital Asset Ltd Co owns 52,795 shares. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has "Buy" rating given on Friday, August 5 by Wunderlich. State Of Tennessee Treasury Department invested in 933,563 shares. 15,241 were reported by Citadel Ltd Llc.

Investors are feeling more bearish on Ubiquiti Networks, Inc.at least if you consider the motion in short interest. Morgan Stanley invested in 207,509 shares or 0% of the stock. Salem Counselors Incorporated owns 55,902 shares for 0.34% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 982 shares. (NASDAQ:UBNT) by some 3,680,585 shares, 103 decreased positions by 3,407,315 and 21 held positions by 18,167,036. Cantab Capital Partners Llp owns 130 shares worth $7,000,000. Strs Ohio has 21,093 shares for 0.01% of their portfolio. Veritable Limited Partnership stated it has 0.02% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS).

Ubiquiti Networks declared that its Board of Directors has initiated a share buyback program on Tuesday, September 5th that authorizes the company to repurchase $50.00 million in outstanding shares. Mercer Capital Advisers holds 400 shares. Midas Management Corp, a New York-based fund reported 46,950 shares.#img1#. 29,202 are held by Aqr Ltd. Fernwood Mgmt Ltd Liability owns 22,450 shares.

Northern Trust Corporation is a financial holding company. JMP Securities reissued a "market perform" rating on shares of Ubiquiti Networks in a report on Wednesday, September 27th. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals across the world.

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