Ubiquiti Networks (UBNT) Tops Q3 EPS by 1c, Q4 EPS Guidance Matches Views

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Go back to Ubiquiti Networks (UBNT) Tops Q3 EPS by 1c, Q4 EPS Guidance Matches Views

Wedbush Downgrades Ubiquiti Networks (UBNT) to Neutral

May 9, 2014 7:23 AM EDT

Wedbush downgraded Ubiquiti Networks (NASDAQ: UBNT) from Outperform to Neutral with a price target of $41.00 (from $48.00).

Analyst Sanjit Singh said, "We are downgrading shares to NEUTRAL from OUTPERFORM given a significant increase in inventory levels that poses risks to estimates in FY15 should... More