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.
) 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:
), down 10.7%,
), down 9.9%,
), down 6.5% and
), down 6.4%.
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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
. 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.
- You can view the full Ubiquiti Networks Ratings Report.
On the positive front,
), up 25.0%,
), up 9.1%,
), up 8.1% and
), up 7.0%.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.