Deutsche Bank Starts Ubiquiti Networks (UBNT) at Buy; Broadband for the Next Billion

Deutsche Bank initiates coverage on Ubiquiti Networks (NASDAQ: UBNT) with a Buy. PT $30.00.

Deutsche analyst says, "Today, a surprisingly large portion of the global population has little or no Internet access. Through the use of commodity components and a very lean model, Ubiquiti has developed a highly cost effective model for serving this demand. We think rising demand for broadband access and the company’s established presence give it a sizable advantage in the market. We launch coverage with a Buy rating."

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 $20.54 yesterday.

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