RJ joins Wunderlich Re: UBNT's Russian Exposure

RJ joins Wunderlich in calling Ubiquiti’s Russian exposure a risk • 1:20 PM
Eric Jhonsa, SA News Editor

Three weeks after Wunderlich voiced concerns about Ubiquiti’s (UBNT -0.9%) Russian and Ukranian exposure, Raymond James is doing the same.

While Wunderlich argued Russian orders will be hurt by geopolitical tensions, RJ suggests forex will take a toll - the firm observes both Russia and Ukraine’s currencies have fallen over 30% YTD.

Bulls have argued Ubiquiti’s Russian/Ukrainian exposure is modest, and not a major concern. Shares fell as low as $34.39 in early trading, but have pared their losses since.

http://seekingalpha.com/news/2016815-rj-joins-wunderlich-in-…

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