UPDATE: Wunderlich Securities Raises Price Target on Ubiquiti Networks to $28

According to Wunderlich Securities, Ubiquiti Networks

price target is raised to $28. Wunderlich said that Ubiquiti Networks (

) delivered a beat and raise performance with continued strong AirMax sales and some noteworthy additions by customers with large deployments. “Newer product lines remain nascent contributors, but the company's wireless local area networking product line (UniFi) looks primed for meaningful acceleration. We are adjusting our forecast upward and raising our target to $28 from $25. Our rating remains Buy.” Ubiquiti closed yesterday at $24.28.