JMP Securities Downgrades Ubiquiti Networks To Market Perform

JMP Securities downgraded

from Market Outperform to Market Perform and removed the price target of $42.00. Ubiquiti Networks shares have dropped 17.27 percent over the past 52 weeks, while the S&P 500 index has surged 13.39 percent in the same period. Ubiquiti Networks' shares fell 15.43 percent to $26.58 in pre-market trading.