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Fly News Breaks for August 27, 2018
UBNT
Aug 27, 2018 | 09:07 EDT
BMO Capital analyst Tim Long raised his price target on Ubiquity to $80 but kept his Market Perform rating after its "mixed" Q4 results. Long notes that the company's Enterprise segment drove the upside in its revenue growth thanks to the "strong demand" for its Wi-Fi offering, while margins and earnings were weaker. The analyst is also cautious on the potential further impact of proposed trade tariffs on Ubiquiti's margins and EPS.
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