Volatile, heavily-shorted Ubiquiti Networks (UBNT +9.5%) surged to $18.65 after Wunderlich...
Thursday, May 31, 2012, 4:57 PM ETVolatile, heavily-shorted Ubiquiti Networks (UBNT +9.5%) surged to $18.65 after Wunderlich upgraded shares to Buy, albeit while maintaining a PT of just $18. The upgrade, which comes less than a month after a downgrade, is mostly valuation-related, and Wunderlich adds it still thinks near-term EPS upside is limited due to the investments Ubiquiti needs to make in its airFiber solution and three other platforms. Ubiquiti is down 4% in AH trading to $17.90.
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