Ubiquiti (NASDAQ:UI) Shares Up 2.5%

Ubiquiti Inc. (NASDAQ:UIGet Rating) shot up 2.5% on Friday . The stock traded as high as $307.52 and last traded at $307.30. 1,390 shares were traded during trading, a decline of 97% from the average session volume of 50,237 shares. The stock had previously closed at $299.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th.

Ubiquiti Price Performance

The firm has a market cap of $18.68 billion, a P/E ratio of 50.50 and a beta of 1.38.

About Ubiquiti

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Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products.

Further Reading

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