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Ubiquiti Networks Inc (UBNT): Today's Featured Telecommunications Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ubiquiti Networks ( UBNT) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Ubiquiti Networks fell $4.01 (-9.6%) to $37.94 on heavy volume. Throughout the day, 2,070,816 shares of Ubiquiti Networks exchanged hands as compared to its average daily volume of 884,500 shares. The stock ranged in price between $37.81-$41.95 after having opened the day at $41.89 as compared to the previous trading day's close of $41.95. Other companies within the Telecommunications industry that declined today were: Glowpoint ( GLOW), down 10.7%, Zoom Technologies ( ZOOM), down 9.9%, China TechFaith Wireless Comm Tech ( CNTF), down 6.5% and On Track Innovations ( OTIV), down 6.4%.

Ubiquiti Networks, Inc., together with its subsidiaries, offers a portfolio of networking products and solutions for service providers and enterprises. Ubiquiti Networks has a market cap of $3.7 billion and is part of the technology sector. The company has a P/E ratio of 35.2, above the S&P 500 P/E ratio of 17.7. Shares are up 247.7% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Ubiquiti Networks a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ubiquiti Networks as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

On the positive front, Alvarion ( ALVR), up 25.0%, ARC Group Worldwide ( ARCW), up 9.1%, InfoSonics Corporation ( IFON), up 8.1% and 8x8 ( EGHT), up 7.0%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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