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UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Ubiquiti Networks After Good Quarter

Related UBNT
FBN Securities Initiates Coverage On 'Tech Share Gainers'
FBN Securities Bullish On Ubiquiti Networks Inc

In a report published Friday, Deutsche Bank reiterated its Hold rating on Ubiquiti Networks (NASDAQ: UBNT), and raised its price target from $12.00 to $15.00.

Deutsche Bank noted, “Ubiquiti Networks reported Q2 revenues of $74.9m, in-line with our estimate but above consensus of $71.6m. Pro-forma EPS of $0.20 came in above our estimate $0.19 and consensus of $0.18. Management expects Q3 revenues of $76m- $84m and Q3 pro-forma earnings per share of $0.19 to $0.23, versus our estimate of $74.6m and $0.19 and consensus of $74.8m and $0.19. Given the continuing uncertainties around the next CFO and the volatility in its reporting segments, we maintain our Hold. We raise our price target from $12 to $15.”

Ubiquiti Networks closed on Thursday at $14.87.

Latest Ratings for UBNT

DateFirmActionFromTo
Sep 2014Morgan StanleyInitiates Coverage onEqualweight
Sep 2014FBN SecuritiesInitiates Coverage onOutperform
Aug 2014JP MorganMaintainsHold

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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