Barclays Maintains a Sell Rating on Ubiquiti Networks (UBNT)
Barclays analyst Tim Long maintained a Sell rating on Ubiquiti Networks (UBNT) on August 9 and set a price target of $100. The company’s shares closed on Friday at $113.95.
According to TipRanks.com, Long is a 5-star analyst with an average return of 19.1% and a 64.4% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies Inc.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Ubiquiti Networks with a $100 average price target.
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Based on Ubiquiti Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $70.9 million. In comparison, last year the company had a net profit of $70.09 million.
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Ubiquiti Networks, Inc. engages in the provision of equipment and related software services. It focuses on high performance proprietary technology; price disruptive offering; and integrated and easy to deploy and manage solutions.