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Ubiquiti Networks in Focus: Stock Falls 7.4% - Tale of the Tape

Ubiquiti Networks, Inc. ( UBNT ) saw a big move last session, as the company's shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for UBNT, as the stock is now up nearly 2% in the past one-month time frame.

The networking solutions provider has seen a flat record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

UBNT currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks from the broader computer and technology same sector include Aruba Networks, Inc. ( ARUN ), ZTE Corp. ( ZTCOY ) and ACI Worldwide, Inc. ( ACIW ). All these stocks hold a Zacks Rank #2 (Buy).

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UBIQUITI NETWRK (UBNT): Free Stock Analysis Report

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ACI WORLDWIDE (ACIW): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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