Ubiquiti Networks Inc. (UBNT) Soars 16.08% on February 08

Equities Staff  |

Ubiquiti Networks Inc. (UBNT) had a good day on the market for Friday February 08 as shares jumped 16.08% to close at $124.53. About 2.18 million shares traded hands on 18,829 trades for the day, compared with an average daily volume of n/a shares out of a total float of 70.84 million. After opening the trading day at $120.50, shares of Ubiquiti Networks Inc. stayed within a range of $128.84 to $120.49.

With today's gains, Ubiquiti Networks Inc. now has a market cap of $8.82 billion.

The stock has a P/E Ratio of 40.7. Shares of Ubiquiti Networks Inc. have been trading within a range of $115.44 and $49.40 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Ubiquiti Networks Inc is a wireless and wireline network equipment provider for small Internet service providers and small- and midsize-business integrators. The company was founded in 2003 and went public in 2011. Ubiquiti reports in two operating segments (service provider technology and enterprise technology) across four geographies: North America; South America; Europe, the Middle East, and Africa; and Asia-Pacific.

Ubiquiti Networks Inc. is based out of New York, NY and has some 843 employees. Its CEO is Robert J. Pera.

For a complete fundamental analysis of Ubiquiti Networks Inc., check out Equities.com’s Stock Valuation Analysis report for UBNT.

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Ubiquiti Networks Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Ubiquiti Networks Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: UBNT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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