Ubiquiti Networks traded at $639.35 this Friday May 15th, decreasing $20.66 or 3.13 percent since the previous trading session. Looking back, over the last four weeks, Ubiquiti Networks lost 38.47 percent. Over the last 12 months, its price rose by 46.61 percent. Looking ahead, we forecast Ubiquiti Networks to be priced at 824.67 by the end of this quarter and at 774.51 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ubiquiti Inc. is engaged in selling equipment, and providing related software platforms, worldwide through a network of over 100 distributors, online retailers and direct to customers through its webstores. The Company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home and personal use. The Company categorizes its solutions in to three main categories: service providers, enterprises and consumers. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. Its enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products. Its consumer products, sold under the Ubiquiti Labs brand name, are targeted to the smart home and connected consumers.