Ubiquiti Networks (UBNT) Tops Q3 EPS by 7c, Offers Q4 Guidance

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Go back to Ubiquiti Networks (UBNT) Tops Q3 EPS by 7c, Offers Q4 Guidance

BMO Capital Upgrades Ubiquiti Networks (UBNT) to Market Perform

May 6, 2016 7:02 AM EDT

BMO Capital upgraded Ubiquiti Networks (NASDAQ: UBNT) from Underperform to Market Perform with a price target of $37.00 (from $30.00).

Analyst Tim Long commented, "Ubiquiti reported a solid quarter, with revenue of $167 million slightly topping expectations and EPS of $0.63 well above our/consensus $0.60/$0.57 estimates. Revenue and EPS guidance of $175... More