Ubiquiti's (UI) Q2 Earnings Miss Estimates, Revenues Fall Y/Y [Yahoo! Finance]
Ubiquiti Inc. (UI)
Last ubiquiti inc. earnings: 11/8 08:00 am
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Source: Yahoo! Finance
UI reported soft second-quarter fiscal 2024 results, with both the bottom and top line falling short of the respective Zack Consensus Estimate. The New York-based networking products and solutions providers reported a top-line contraction year over year, owing to demand softness in both Enterprise Technology and Service Provider verticals. Net Income Net income on a GAAP basis in the quarter was $82.1 million or $1.36 per share compared with $112.2 million or $1.86 per share in the year-ago quarter. The downturn was primarily induced by a year-over-year decline in net sales. Non-GAAP net income in the second quarter of fiscal 2024 was $83.3 million or $1.38 per share, down from $113 million or $1.87 per share in the year-earlier quarter. The bottom line missed the Zacks Consensus Estimate of $1.95. Ubiquiti Inc. Price, Consensus and EPS Surprise Ubiquiti Inc. price-consensus-eps-surprise-chart | Ubiquiti Inc. Quote Revenues Net sales in the quarter declined to $465 milli
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UI
News
- Ubiquiti Inc. (NYSE: UI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ubiquiti Inc.: New Products And High Level Performance Expected Into 2025 [Seeking Alpha]Seeking Alpha
- Ubiquiti Inc. (NYSE: UI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Ubiquiti Inc. (NYSE: UI) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $160.00 price target on the stock.MarketBeat
- Ubiquiti Inc. (NYSE: UI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
UI
Earnings
- 2/9/24 - Miss
UI
Sec Filings
- 2/15/24 - Form SC
- 2/9/24 - Form 8-K
- 2/9/24 - Form 10-Q
- UI's page on the SEC website