The IBD SmartSelect Composite Rating for Ubiquiti rose from 93 to 96 Thursday.
Lean How — And When — To Sell Stocks
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The best 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 broke out earlier, but has fallen back below the prior 465.00 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape.
The stock sports an 89 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q3, the company posted 134% earnings growth. That marks five straight quarters of rising EPS gains. Sales growth increased 35%, up from 29% in the prior report. The company has now posted rising growth in each of the last three quarters. The company's next quarterly report is expected on or around Aug. 22.
Ubiquiti holds the No. 3 rank among its peers in the Telecom-Infrastructure industry group. CommScope Holding is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
