Dallas, Texas 12/09/2013 (Financialstrend) – Various trading and investment houses have maintained a short term sell on Ubiquiti Networks Inc (NASDAQ:UBNT) as the company’s share value is trading between a dedicated range and it is poised for major growth in the coming times. This is the reason why various investment houses are focusing on making money and then sell and then again buy for the short term on dips.
The counterfeiting scandal in 2012 has been a history now and the company is able to move ahead successfully. In fact the share price of the company in 2012 dipped to a new low but they managed to stand back against all allegations and are growing stronger after that. Moreover the new and the latest products launched by the company have garnered a positive response and the company believes to come up with good numbers in the coming quarter results. Its enterprise WLAN UniFi line and its popular outdoor wireless AirMax line are a big hit now.
The future ahead
Ubiquiti Networks Inc (NASDAQ:UBNT) believes that for the year 2014 they are going to deliver strong results and are quite confident about meeting all the expectations. Most of the investors still think that it is an undervalued stock and as the company will gain market share in the coming time its share value will rise by another 50% in 2014. There are few past indicators that have made this stock a worthy pick among the investors. Take for example the 4th March 2013 7% drop in the share value and it within 1 month it came back to its same value. All these indicators are proving to be in favor of this stock and many analysts are of the view that this is the right time to enter into this stock.