Guggenheim Starts Ubiquiti Networks (UBNT) at Neutral

Guggenheim initiates coverage on Ubiquiti Networks (NASDAQ: UBNT) with a Neutral rating.

Analyst Ryan Hutchinson commented, "Ubiquiti Networks provides service provider antenna and wireless backhaul, as well as enterprise Wi-Fi, VoIP, and video solutions. While Ubiquiti has enjoyed significant growth over the past few years, we see continued execution in service provider Wi-Fi (where growth appears to have stalled) as the key to success. We see a lack of visibility into end-customer demand, growing threat from free/ad-funded internet (Facebook, Google), and continuing macroeconomic and political instability in emerging markets as threats to performance."

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 $29.74 yesterday.

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