Barclays analyst Tim Long maintained a Sell rating on Ubiquiti Networks (UI – Research Report) on May 10 and set a price target of $108.00. The company’s shares closed last Friday at $127.19.
Long covers the Technology sector, focusing on stocks such as Apple, Cisco Systems, and Zebra Tech. According to TipRanks, Long has an average return of 12.8% and a 62.41% success rate on recommended stocks.
Currently, the analyst consensus on Ubiquiti Networks is a Hold with an average price target of $134.00.
UI market cap is currently $7.69B and has a P/E ratio of 21.98.
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Ubiquiti Networks (UI) Company Description:
Ubiquiti, Inc. sells networking equipment and provides related software platforms. Its products include AmpliFi home Wi-Fi, UniFi wireless, VoIP, routing and switching, legacy, LED lighting, cameras, airFiber antenna, airFiber radios, and solar charge controller. The company was founded by Robert J. Pera in October 2003 and is headquartered in New York, NY.
