Ubiquiti Networks, Inc. (UBNT) stock prices updated...

Ubiquiti Networks, Inc. stock price

Ubiquiti Networks, Inc. latest news:

  • 11/09/2017 07:05:48

    Ubiquiti's stock slumps after results beat expectations by outlook falls short

    Shares of Ubiquiti Networks Inc. slumped 3.7% in premarket trade Thursday, after the network technology company reported fiscal first-quarter results that beat expectations, but provided a downbeat revenue outlook. Net income for the quarter to Sept. 30 rose to $74.93 million, or 92 cents a share, from $71.8 million, or 86 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share of 92 cents was above the FactSet consensus of 86 cents. Revenue rose 20% to $245.9 million, beating the FactSet consensus of $235.5 million, as 50% growth in enterprise technology revenue helped offset a 0.6% decline in service provider technology revenue. The company said it expects second-quarter revenue of $240 million to $250 million, which is below the FactSet consensus of $252 million. The closed Monday at $66.36, just shy of its Aug. 8 record close of $66.44. The stock had tumbled to a 3-month low in mid-September after short seller Andrew Left of Citron Research called the company a "fraud," then started recovering later that month after Ubiquiti Chief Executive Robert Pera vigorously defended the company. The stock has rallied 13% year to date through Wednesday, while the S&P 500 has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 16:13:04

    BRIEF-Ubiquiti Networks says board of directors approved $50 mln stock repurchase program

    * Ubiquiti Networks Inc says on September 5, 2017, board of directors of co approved a $50 million stock repurchase program - SEC filing

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