Press coverage about Ubiquiti Networks (NASDAQ:UBNT) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ubiquiti Networks earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 45.9060402998165 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Lawsuit for Investors in Shares of Ubiquiti Networks Inc. (NASDAQ: UBNT) Announced by Shareholders Foundation – Digital Journal (digitaljournal.com)
- INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Ubiquiti Networks, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 23, 2018 – UBNT (finance.yahoo.com)
- DEADLINE REMINDER: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Ubiquiti Networks, Inc. And Reminds Investors With Losses To Contact The Firm (finance.yahoo.com)
- Hot Stock’s Alert – Ubiquiti Networks Inc (NASDAQ: UBNT) – Stocks Pen (stockspen.com)
UBNT has been the subject of several research reports. ValuEngine raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Friday, January 12th. BidaskClub downgraded shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. TheStreet cut shares of Ubiquiti Networks from an “a” rating to a “c+” rating in a research report on Friday, February 9th. Finally, Vetr upgraded shares of Ubiquiti Networks from a “sell” rating to a “hold” rating and set a $74.74 price target for the company in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Ubiquiti Networks presently has a consensus rating of “Hold” and a consensus price target of $65.75.
Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Ubiquiti Networks had a net margin of 15.73% and a return on equity of 47.42%. The firm had revenue of $250.80 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue was up 17.5% on a year-over-year basis. analysts expect that Ubiquiti Networks will post 1.93 EPS for the current year.
Ubiquiti Networks announced that its board has authorized a stock buyback program on Thursday, February 8th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership 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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