Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ubiquiti Networks (NASDAQ:UBNT) Share Price
Media coverage about Ubiquiti Networks (NASDAQ:UBNT) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ubiquiti Networks earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 46.6711514523473 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Ubiquiti Networks Inc (UBNT) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Forget The Buybacks – Run Fast, Run Far (seekingalpha.com)
- Viasat Acquires Horsebridge to Extend UK Military Footprint (finance.yahoo.com)
- Ubiquiti Networks (UBNT) versus PC-Tel (PCTI) Financial Survey (americanbankingnews.com)
- Motorola (MSI) Focuses on Holistic Growth to Boost Margins (finance.yahoo.com)
Several research analysts have recently weighed in on the company. BidaskClub downgraded Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 11th. ValuEngine downgraded Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Credit Suisse Group started coverage on Ubiquiti Networks in a research note on Wednesday, May 9th. They issued a “neutral” rating and a $74.00 price objective for the company. Zacks Investment Research raised Ubiquiti Networks from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, TheStreet raised Ubiquiti Networks from a “c+” rating to a “b+” rating in a research note on Wednesday, May 23rd. Six investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. Ubiquiti Networks has an average rating of “Buy” and an average price target of $71.95.
Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, May 10th. The Wireless communications provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $250.40 million during the quarter, compared to analysts’ expectations of $247.92 million. Ubiquiti Networks had a return on equity of 56.13% and a net margin of 19.15%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. research analysts predict that Ubiquiti Networks will post 2.42 EPS for the current year.
Ubiquiti Networks declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 13th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
About Ubiquiti Networks
Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers worldwide. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products.
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