Wedbush Starts Ubiquiti Networks (UBNT) at Outperform; Use Recent Pullback to Accumulate Shares
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Price: $110.59 --0%
Rating Summary:
4 Buy, 12 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 12 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on Ubiquiti Networks (NASDAQ: UBNT) with an Outperform. PT $29.00.
Analyst, Sanjit Singh, said, "We believe the recent sell-off in shares provides an opportunity to own a name with attractive growth prospects and with near-term catalysts that include the launch of the company’s recently announced wireless backhaul solution and three additional platforms to be released in each quarter of 2012. While we have near-term concerns, which include increases in legal expenses and signs that customers are still experiencing delays in procuring products, we are optimistic on the company’s long-term growth prospects as we believe the combined contribution of seven product platforms, six of which will be less than two years old, will drive sustainable, double-digit growth at profitability levels that are among the highest in the networking sector."
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 $24.91 yesterday.
Analyst, Sanjit Singh, said, "We believe the recent sell-off in shares provides an opportunity to own a name with attractive growth prospects and with near-term catalysts that include the launch of the company’s recently announced wireless backhaul solution and three additional platforms to be released in each quarter of 2012. While we have near-term concerns, which include increases in legal expenses and signs that customers are still experiencing delays in procuring products, we are optimistic on the company’s long-term growth prospects as we believe the combined contribution of seven product platforms, six of which will be less than two years old, will drive sustainable, double-digit growth at profitability levels that are among the highest in the networking sector."
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 $24.91 yesterday.
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