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RJ joins Wunderlich in calling Ubiquiti's Russian exposure a risk

Oct. 06, 2014 1:20 PM ETUbiquiti Inc. (UI) StockUIBy: Eric Jhonsa, SA News Editor8 Comments
  • Three weeks after Wunderlich voiced concerns about Ubiquiti's (UBNT -0.9%) Russian and Ukranian exposure, Raymond James is doing the same.
  • While Wunderlich argued Russian orders will be hurt by geopolitical tensions, RJ suggests forex will take a toll - the firm observes both Russia and Ukraine's currencies have fallen over 30% YTD.
  • Bulls have argued Ubiquiti's Russian/Ukrainian exposure is modest, and not a major concern. Shares fell as low as $34.39 in early trading, but have pared their losses since.

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