The IBD SmartSelect Composite Rating for Ubiquiti increased from 94 to 98 Wednesday.
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The new rating shows the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Ubiquiti is now out of buy range after clearing the 465.00 entry in a cup with handle.
The stock has a 90 EPS Rating, meaning its recent quarterly and annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 103% EPS growth. Revenue growth increased 50%, up from 35% in the prior report. The company has now posted rising growth in each of the last four reports.
Ubiquiti earns the No. 2 rank among its peers in the Telecom-Infrastructure industry group. CommScope Holding is the top-ranked stock within the group.
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