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
Earnings
- 11/8/24 - Beat
UI
Sec Filings
- 12/6/24 - Form 8-K
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- UI's page on the SEC website