Why Ubiquiti Networks, Inc. Stock Rose 15.9% in May [The Motley Fool]
UBIQUITI NETWORKS (UBNT)
Last ubiquiti networks earnings: 5/10 08:05 am
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Source: The Motley Fool
Investors cheered the wireless networking company's latest results. Here's what you need to know now. Steve Symington ( TMFSymington ) Jun 16, 2018 at 8:14AM What happened Shares of Ubiquiti Networks Inc. ( NASDAQ:UBNT ) climbed 15.9% in May, according to data from S&P Global Market Intelligence , after the wireless networking products leader delivered stronger-than-expected quarterly results . The bulk of Ubiquiti Networks' gains last month came on May 10, 2018, the day it announced that revenue in its latest quarter had climbed 14.7% year over year to $250.4 million, which translated to adjusted earnings of $76 million, or $0.98 per share. Both figures arrived near the high end of Ubiquiti's financial guidance ranges provided three months earlier. IMAGE SOURCE: GETTY IMAGES. So what On the one hand, Ubiquiti Networks' growth was d
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