BWS Financial analyst Hamed Khorsand maintained a Buy rating on Ubiquiti Networks (UI – Research Report) today and set a price target of $160.00.
Hamed Khorsand has given his Buy rating due to a combination of factors pertaining to Ubiquiti Networks’ recent financial performance and market position. Khorsand recognizes that despite a period of struggle, there are signs that Ubiquiti is experiencing a turnaround, as evidenced by their revenue figures meeting forecasts. This alignment with expectations indicates stabilization and potential growth following two challenging years. Additionally, the company’s performance is notably resilient, considering the broader industry is facing a difficult sales climate with prolonged sales cycles. This suggests that Ubiquiti may be gaining competitive strength and could be poised for future success.
While there was an earnings per share (EPS) miss in the recent quarter, Khorsand believes the true value lies in the company’s improving revenue trends, which have increased sequentially for two consecutive quarters. Furthermore, there is an optimistic signal in the rise of service provider revenue. These indicators, combined with the company’s ability to navigate through inventory challenges, suggest an upward trajectory for Ubiquiti Networks. Khorsand’s Buy rating reflects confidence in the company’s recovery and the expectation of enhanced earnings moving forward, solidifying the stock’s attractive investment potential.
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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.
