Somewhat Positive News Coverage Somewhat Unlikely to Affect Ubiquiti Networks (UBNT) Stock Price

Media stories about Ubiquiti Networks (NASDAQ:UBNT) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ubiquiti Networks earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the Wireless communications provider an impact score of 47.3560016383309 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of Ubiquiti Networks (NASDAQ UBNT) opened at $64.50 on Wednesday. The firm has a market cap of $4,905.61, a P/E ratio of 20.07, a P/E/G ratio of 1.19 and a beta of 0.50. Ubiquiti Networks has a fifty-two week low of $45.71 and a fifty-two week high of $67.80.

Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings results on Thursday, November 9th. The Wireless communications provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The business had revenue of $245.90 million during the quarter, compared to analyst estimates of $240.39 million. Ubiquiti Networks had a net margin of 28.76% and a return on equity of 45.45%. Ubiquiti Networks’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. equities research analysts anticipate that Ubiquiti Networks will post 2.78 earnings per share for the current fiscal year.

Ubiquiti Networks declared that its Board of Directors has initiated a share repurchase plan on Tuesday, September 5th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the Wireless communications provider to purchase up to 18% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a report on Friday, November 10th. BMO Capital Markets reduced their target price on shares of Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating for the company in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, October 5th. Vetr cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $62.28 target price for the company. in a research note on Wednesday, October 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of Ubiquiti Networks in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Ubiquiti Networks presently has a consensus rating of “Buy” and a consensus target price of $56.86.

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In other Ubiquiti Networks news, insider Robert J. Pera sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $61.25, for a total value of $61,250,000.00. Following the transaction, the insider now directly owns 56,278,181 shares of the company’s stock, valued at $3,447,038,586.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 72.80% of the stock is currently owned by company insiders.

Ubiquiti Networks Company Profile

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.

Insider Buying and Selling by Quarter for Ubiquiti Networks (NASDAQ:UBNT)

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