Android app on Google Play

Wells Fargo Starts Ubiquiti Networks (UBNT) at Outperform

December 13, 2013 7:57 AM EST Send to a Friend
Get Alerts UBNT Hot Sheet
Price: $38.46 --0%

Rating Summary:
    11 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 4 | New: 3
Trade UBNT Now!
Join SI Premium – FREE
Wells Fargo initiated coverage on Ubiquiti Networks (NASDAQ: UBNT) with an Outperform rating and a price target of $47-$51.

Analysts said, "Our positive view reflects our belief that Ubiquiti's disruptively priced fixed mobile broadband solutions are likely to see strong growth as users in underserved and underpenetrated markets increasingly demand Internet access. Several new products appear disruptive and may also present attractive opportunities. While Ubiquiti maintains gross margins below key peers, a differentiated go to market model, which relies completely on the channel for sales and support, has enabled the company to achieve industry leading operating margins that may drift higher as sales grow. Importantly, with improved corporate controls in place and counterfeiting issues in the rear view mirror, we think the stage is set to see Ubiquiti deliver better than 20% sales and earnings growth over the next few years, which we think should enable the stock to work."

For an analyst ratings summary and ratings history on Ubiquiti Networks click here. For more ratings news on Ubiquiti Networks click here.

Shares of Ubiquiti Networks closed at $38.67 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS View, New Coverage

Related Entities

Earnings, Wells Fargo

Add Your Comment