Why Shares of Ubiquiti Fell 14.2% in August [The Motley Fool]
Ubiquiti Inc. (UI)
Last ubiquiti inc. earnings: 11/8 08:00 am
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Source: The Motley Fool
Why Shares of Ubiquiti Fell 14.2% in August The networking equipment maker posted disappointing revenue growth, but bigger things may be afoot. Shares of Ubiquiti ( NYSE:UI ) -- formerly known as Ubiquiti Networks -- fell 14.2% in the month of August, according to data from S&P Global Market Intelligence . The chief culprit was the networking hardware maker's recent fourth-quarter 2019 earnings report, which, while beating analyst expectations for EPS, missed on revenue. That apparently wasn't enough for investors. The earnings report also coincided with an increase in tensions between the U.S. and China, which dinged most technology stocks , especially hardware makers like Ubiquiti. During the fourth quarter, revenue grew just 6.3%, yet non- GAAP (adjusted) EPS rose a much better 17.8%, due to a combination of margin expansion and lots of share repurchases over the past year. The company's two main segments -- service provider and enterprise hardware -- moved in opposite directions,
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UI
News
- Ubiquiti Inc. (NYSE: UI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ubiquiti Inc. (NYSE: UI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ubiquiti Inc. (NYSE: UI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ubiquiti Inc. (NYSE: UI) had its price target raised by analysts at BWS Financial from $240.00 to $385.00. They now have a "buy" rating on the stock.MarketBeat
- Ubiquiti Inc. (NYSE: UI) had its price target raised by analysts at Barclays PLC from $104.00 to $236.00. They now have an "underweight" rating on the stock.MarketBeat
UI
Earnings
- 11/8/24 - Beat
UI
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/28/24 - Form DEF
- UI's page on the SEC website