Ubiquiti Networks, Inc. (UBNT) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $38.20 to $40.94 over the past one-month time.
The company witnessed one upward revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Ubiquiti Networks. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.
Ubiquiti Networks carries a Zacks Rank #2 (Buy), while its Earnings ESP is negative.
Investors interested in the wireless equipment industry may also consider stocks like DragonWave Inc. (DRWI), Ericsson (ERIC) and ZTE Corp. (ZTCOY). All these stocks carry a Zacks Rank #2.
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UBIQUITI NETWORKS INC (UBNT): Free Stock Analysis Report
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