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Credit Suisse Stick to Their Sell Rating for Ubiquiti Networks

Jul 20, 2020 12:04PM ET
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Credit Suisse (SIX:CSGN) analyst Sami Badri reiterated a Sell rating on Ubiquiti Networks (NASDAQ:UI) on Monday, setting a price target of $132, which is approximately 26.86% below the present share price of $180.47.

Badri expects Ubiquiti Networks to post earnings per share (EPS) of $1.60 for the third quarter of 2020.

The current consensus among 2 TipRanks analysts is for a Moderate Sell rating of shares in Ubiquiti Networks, with an average price target of $129.
The analysts price targets range from a high of $132 to a low of $126.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $337.42 million and a net profit of $127.36 million. The company's market cap is $11.49 billion.

According to TipRanks.com, Credit Suisse analyst Sami Badri is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.5% and a 50.00% success rate.

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.

Credit Suisse Stick to Their Sell Rating for Ubiquiti Networks
 

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Brent Woyat
Brent Woyat Nov 09, 2020 2:00AM ET
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Good call Sami...not????
 
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