Barclays Maintains a Sell Rating on Ubiquiti Networks (UBNT)

By Ryan Adsit

Barclays analyst Tim Long maintained a Sell rating on Ubiquiti Networks (UBNTResearch Report) on August 9 and set a price target of $100. The company’s shares closed on Friday at $113.95.

According to TipRanks.com, Long is a 5-star analyst with an average return of 19.1% and a 64.4% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies Inc.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Ubiquiti Networks with a $100 average price target.

See today’s analyst top recommended stocks >>

Based on Ubiquiti Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $70.9 million. In comparison, last year the company had a net profit of $70.09 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ubiquiti Networks, Inc. engages in the provision of equipment and related software services. It focuses on high performance proprietary technology; price disruptive offering; and integrated and easy to deploy and manage solutions.