Raymond James Analysts Now Covering Ubiquiti Networks Stock

Ubiquiti Networks in a research note issued to investors on Wednesday. They set an “outperform” rating on the stock.

Separately, analysts at Pacific Crest initiated coverage on shares of Ubiquiti Networks in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Analysts at ThinkEquity initiated coverage on shares of Ubiquiti Networks in a research note to investors on Wednesday. They set a “buy” rating on the stock. Also, analysts at UBS AG initiated coverage on shares of Ubiquiti Networks in a research note to investors on Wednesday. They set a “buy” rating on the stock.

Ubiquiti Networks, Inc. designs, manufactures and sells broadband wireless solutions worldwide. The Company offers a portfolio of wireless networking products and solutions, including systems, high performance radios, antennas and management tools, designed for wireless networking and other applications in the unlicensed radio frequency (RF) spectrum. The Company offers solutions that incorporate its RF technology, antenna design and firmware technologies, which it refers to as AirTechnologies. During the fiscal year ended June 30, 2010 (fiscal 2010), Ubiquiti introduced a number of products based on its AirTechnologies, including its AirMax systems. In fiscal 2010, 802.11 standard systems and AirMax systems together accounted for 82% of the Company's revenue.

Shares of Ubiquiti Networks traded down 3.60% during mid-day trading on Wednesday, hitting $19.80. Ubiquiti Networks has a 52 week low of $16.25 and a 52 week high of $23.04. The stock’s 50-day moving average is $19.61 and its 200-day moving average is $19.61. The company has a market cap of $1.233 billion.