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.

DocumentId: 2105380, ~/Articles/ArticleHandler.aspx, 4/19/2014 11:14:27 PM

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...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement