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Zacks Investment Research downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) to Hold in a statement released earlier today.

Zacks Investment Research has downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) to Hold in a statement released on 10/6/2016.

On 8/05/2016, Wunderlich reported on Ubiquiti Networks Inc (NASDAQ:UBNT) increased the target price from $48.00 to $55.00. At the time, this indicated a possible upside of 0.15%.

Just yesterday Ubiquiti Networks Inc (NASDAQ:UBNT) traded -0.79% lower at $53.79. The company’s 50-day moving average is $52.74 and its 200-day average is $42.45. With the last stock price close up 26.66% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 611,833 shares of UBNT changing hands over the typical 421,628

Recent Performance Chart

Ubiquiti Networks Inc (NASDAQ:UBNT)

Ubiquiti Networks Inc has P/E ratio of 21.59 with a 52 week low of $25.75 and a one year high of $55.00 and has a total market value of $0.

A total of 9 brokerages have issued a ratings update on Ubiquiti Networks Inc. 0 brokers rating the stock a strong buy, two analysts rating the company a buy, six analysts rating the company a hold, 4 firms rating the stock a underperform, and finally 0 equity analysts rating the stock a sell with a consensus target price of $34.44.

General Information About 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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