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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