Auriga Reiterates a 'Buy' on Ubiquiti Networks (UBNT); New Products Broaden Capability and Markets

Auriga reiterates a 'Buy' on Ubiquiti Networks (NASDAQ: UBNT) price target of $31.00.

Auriga analyst said, "The Ubiquiti World Conference, kicking off today, March 23, in Chicago provides a venue for broad product discussion, the introduction of new products, and the highlighting of new features for the company's core constituents (including important distributors) that are slated to attend. The conference also serves as one of the methods that Ubiquiti employs in driving greater familiarity of the capability, range and scope of its products that are otherwise not supported by a sales and marketing team normally dispatched in telecoms network equipment sales. The new product we believe making its debut today should serve to elevate the carrying capacity of Ubiquiti's point-to-point radio platforms, and we believe the new product should enhance Ubiquiti's sales and earnings over time."

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 $28.72 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery