1 Huge Growth Opportunity Ubiquiti Networks Investors Are Missing
On Ubiquiti Networks (NASDAQ: UBNT) last quarterly conference call, one Bloomberg analyst felt the frustration of CEO Robert Pera when their question was met by Pera telling them to "do some homework." His frustration is somewhat understandable as, according to Yahoo! Finance, among the analysts who follow the company, only one out of nine rates Ubiquiti a buy, with five holds and three sells. This is all while Ubiquiti has reported strong year-over-year earnings growth, yet its stock trades at an undemanding 17.2 trailing price-to-earnings multiple.
Not only are analysts skeptical of the company's prospects, but they also seem to be ignoring a massive growth opportunity referenced in that testy exchange. That particular analyst had voiced skepticism regarding Ubiquiti's ability to sell to high-end enterprises, while Pera claimed it was already happening.
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Source: Fool.com