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Vetr Inc. disclosed Ubiquiti Networks Inc (NASDAQ:UBNT), upping its stock price target to $55.50 today

In a report issued 6/5/2017 Vetr Inc. raised the target price of Ubiquiti Networks Inc (NASDAQ:UBNT) to $55.50 stating a potential upside of 0.10%.

On 05/10/2017, Zacks Investment Research released a statement on Ubiquiti Networks Inc (NASDAQ:UBNT) upped the target price from $0.00 to $52.00. At the time, this indicated a possible upside of 0.11%.

Showing a price of $50.30, Ubiquiti Networks Inc (NASDAQ:UBNT) traded -2.04% lower on the day. With the last close down 9.96% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. UBNT has recorded a 50-day average of $56.74 and a two hundred day average of $53.74. Trade Volume was down over the average, with 595,177 shares of UBNT changing hands under the typical 833,388

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Ubiquiti Networks Inc (NASDAQ:UBNT)

Ubiquiti Networks Inc has a 52 week low of $45.71 and a 52 week high of $67.80 with a P/E ratio of 19.12 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its target price, a total of 9 brokers have issued a research note on the company. The average stock price target is $34.44 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Ubiquiti Networks Inc (NASDAQ:UBNT)

Ubiquiti Networks, Inc. develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. Its enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. Its 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 spectrum. Its service provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX and Point-to-point Wireless Backhaul-airFiber.

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