Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Ubiquiti Networks Shares Soared

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Ubiquiti Networks (Nasdaq: UBNT  ) have soared by as much as 21% today after the company reported earnings with a strong outlook.

So what: Total revenue in the quarter was $61.5 million, which was down significantly from the prior year and also missed expectations. Non-GAAP earnings per share came in at $0.15, again slightly worse than expected. However, the company's strong guidance made up for it.

Now what: Next quarter's guidance calls for revenue between $70 million and $78 million, with adjusted earnings per share of $0.17 to $0.20. Both top and bottom line forecasts are better than what analysts were modeling for. The company said it expects revenue recovery of its airMAX wireless Internet distribution system to drive the increased sales.

Interested in more info on Ubiquiti Networks? Add it to your watchlist by clicking here.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2105380, ~/Articles/ArticleHandler.aspx, 10/25/2016 1:13:06 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 hours ago Sponsored by:
DOW 18,223.03 77.32 0.43%
S&P 500 2,151.33 10.17 0.47%
NASD 5,309.83 52.43 1.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/24/2016 4:00 PM
UBNT $52.78 Up +0.95 +1.83%
Ubiquiti Networks CAPS Rating: ****