JMP Securities Keeps Their Hold Rating on Ubiquiti Networks (UBNT)


In a report issued on August 24, Erik Suppiger from JMP Securities maintained a Hold rating on Ubiquiti Networks (NASDAQ: UBNT). The company’s shares closed on Friday at $83.06, close to its 52-week high of $89.99.

According to TipRanks.com, Suppiger is ranked #400 out of 4866 analysts.

Ubiquiti Networks has an analyst consensus of Hold, with a price target consensus of $73, which is a -12.1% downside from current levels. In a report issued on August 24, BMO Capital also maintained a Hold rating on the stock.

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Ubiquiti Networks’ market cap is currently $6.2B and has a P/E ratio of 35.80. The company has a Price to Book ratio of 21.67.

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Ubiquiti Networks, Inc. engages in the development of networking technology for service providers and enterprises. It offers platforms that provides carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, routing, wireless local-area network infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. The company was founded by Robert J. Pera in September 2003 and is headquartered in San Jose, CA.

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