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 up 0.3%. By the end of trading, Ubiquiti Networks fell $1.13 (-2.5%) to $44.42 on average volume. Throughout the day, 1,814,276 shares of Ubiquiti Networks exchanged hands as compared to its average daily volume of 1,356,100 shares. The stock ranged in price between $44.04-$48.91 after having opened the day at $45.57 as compared to the previous trading day's close of $45.55. Other companies within the Telecommunications industry that declined today were:
), down 7.1%,
), down 6.2%,
), down 6.0% and
), down 4.9%.
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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 $3.9 billion and is part of the technology sector. Shares are down 0.9% year to date as of the close of trading on Thursday. Currently there are 8 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, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
- You can view the full Ubiquiti Networks Ratings Report.
On the positive front,
), up 13.1%,
), up 12.6%,
), up 3.6% and
), up 3.4% , were all gainers within the telecommunications industry with
) being today's featured telecommunications industry leader.
- 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.