Ubiquiti Networks upgraded at Raymond James As previously reported, Raymond James upgraded Ubiquiti Networks to Strong Buy from Outperform. The firm upgraded shares based on valuation and sustainable 20%+earnings growth. Price target is $50.
Ubiquiti Networks announces distribution agreement with ECS Ubiquiti Networks announced a distribution agreement with ECS, a major technology distributor with over 24,500 active channel partners in China, Malaysia and the Philippines. The agreement represents a strategic move for Ubiquiti's expansion into Asian markets to bring its industry-defining broadband and enterprise solutions to customers by leveraging one of the strongest distributor networks in the region. By expanding their offerings to include Ubiquiti's leading edge platforms, ECS is providing its customers with a compelling choice for fixed-wireless broadband and enterprise technology.