Deutsche Bank Raises Price Target on Ubiquiti Networks (UBNT) Posted by Tammy Falkenburg on May 4th, 2012 // No Comments Analysts at Deutsche Bank (NYSE: DB) lifted their price target on shares of Ubiquiti Networks (NASDAQ: UBNT) to $37.00 in a research report issued to clients and investors on Wednesday. The analysts wrote, “Ubiquiti Networks reported Q3 revenues of $91.7m, ahead of our estimate of $90.5m and consensus of $90.3m. Pro-forma EPS of $0.30 came in ahead of our estimate of $0.28 and consensus of $0.27. Management expects Q4 revenues to be in range from $93m- $95m and Q4 pro-forma earnings per share of $0.28 to $0.29, versus our estimate and consensus of $0.28. Overall, we are encouraged by this quarter’s results and the traction of the new product platforms. As a result we reiterate our Buy rating.” UBNT has been the subject of a number of other recent research reports. Analysts at Raymond James (NYSE: RJF) downgraded shares of Ubiquiti Networks from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Wunderlich downgraded shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $35.00 price target on the stock. Finally, analysts at Auriga reiterated a “buy” rating on shares of Ubiquiti Networks in a research note to investors on Thursday, April 26th. Ubiquiti Networks traded down 0.42% on Wednesday, hitting $28.78. Ubiquiti Networks has a 1-year low of $16.25 and a 1-year high of $35.99. The company’s market cap is $2.643 billion. The company last announced its quarterly results on Tuesday, May 1st. It reported $0.30 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.27 EPS by $0.03. The company’s quarterly revenue was up 79.1% on a year-over-year basis. Analysts expect that Ubiquiti Networks will post $0.29 EPS next quarter. Ubiquiti Networks, Inc. (Ubiquiti) designs, manufactures and sells broadband wireless solutions worldwide.
Friday, May 4, 2012
Deutsche Bank Raises Price Target on Ubiquiti Networks (UBNT)
Deutsche Bank Raises Price Target on Ubiquiti Networks (UBNT) Posted by Tammy Falkenburg on May 4th, 2012 // No Comments Analysts at Deutsche Bank (NYSE: DB) lifted their price target on shares of Ubiquiti Networks (NASDAQ: UBNT) to $37.00 in a research report issued to clients and investors on Wednesday. The analysts wrote, “Ubiquiti Networks reported Q3 revenues of $91.7m, ahead of our estimate of $90.5m and consensus of $90.3m. Pro-forma EPS of $0.30 came in ahead of our estimate of $0.28 and consensus of $0.27. Management expects Q4 revenues to be in range from $93m- $95m and Q4 pro-forma earnings per share of $0.28 to $0.29, versus our estimate and consensus of $0.28. Overall, we are encouraged by this quarter’s results and the traction of the new product platforms. As a result we reiterate our Buy rating.” UBNT has been the subject of a number of other recent research reports. Analysts at Raymond James (NYSE: RJF) downgraded shares of Ubiquiti Networks from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Wunderlich downgraded shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $35.00 price target on the stock. Finally, analysts at Auriga reiterated a “buy” rating on shares of Ubiquiti Networks in a research note to investors on Thursday, April 26th. Ubiquiti Networks traded down 0.42% on Wednesday, hitting $28.78. Ubiquiti Networks has a 1-year low of $16.25 and a 1-year high of $35.99. The company’s market cap is $2.643 billion. The company last announced its quarterly results on Tuesday, May 1st. It reported $0.30 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.27 EPS by $0.03. The company’s quarterly revenue was up 79.1% on a year-over-year basis. Analysts expect that Ubiquiti Networks will post $0.29 EPS next quarter. Ubiquiti Networks, Inc. (Ubiquiti) designs, manufactures and sells broadband wireless solutions worldwide.
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