Ubiquiti Networks (UBNT) Crushed On Multiple Concerns
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Ubiquiti Networks, Inc. (Nasdaq: UBNT) is having a rough day.
In addition to a post earnings sell-off, the stock was downgraded at Wunderlich and maybe more concerning is a report in China that CEO Robert Pera is under investigation for ties to the mafia.
Shares of UBNT last traded at $28.75, down nearly 18%.
In addition to a post earnings sell-off, the stock was downgraded at Wunderlich and maybe more concerning is a report in China that CEO Robert Pera is under investigation for ties to the mafia.
Shares of UBNT last traded at $28.75, down nearly 18%.
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