On Monday, Ubiquiti got an upgrade for its IBD SmartSelect Composite Rating from 89 to 97.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Ubiquiti is currently forming a cup without handle, with a 469.98 entry. See if the stock can break out in heavy trade at least 40% higher than normal.
The stock has an 88 EPS Rating, which means its recent quarterly and annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company reported 134% earnings-per-share growth. That means it's now posted five straight quarters of rising EPS gains. Top line growth increased 35%, up from 29% in the prior quarter. That marks three consecutive reports with increasing revenue gains.
Ubiquiti earns the No. 1 rank among its peers in the Telecom-Infrastructure industry group. Dycom Industries and Gogo Inc. are also among the group's highest-rated stocks.
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