JMP Securities downgraded Ubiquiti Networks Inc UBNT from Market Outperform to Market Perform and removed the price target of $42.00.
Ubiquiti Networks shares have dropped 17.27 percent over the past 52 weeks, while the S&P 500 index has surged 13.39 percent in the same period.
Ubiquiti Networks' shares fell 15.43 percent to $26.58 in pre-market trading.
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