Why Ubiquiti Stock Skyrocketed 55.8% in November [The Motley Fool]
Ubiquiti Inc. (UI)
Last ubiquiti inc. earnings: 11/8 08:00 am
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Source: The Motley Fool
Why Ubiquiti Stock Skyrocketed 55.8% in November Another impressive quarterly report helped the networking products leader rally to a fresh all-time high. Shares of Ubiquiti ( NYSE:UI ) soared 55.8% in November, according to data from S&P Global Market Intelligence , after the networking technology company announced significantly stronger-than-expected fiscal first-quarter 2020 results . To be sure, Ubiquiti stock popped 36% on Nov. 8, 2019, alone -- the first trading day after its quarterly update hit the wires. More specifically, Ubiquiti's quarterly revenue climbed 14.3% year over year to $323.3 million, driven by 16.5% growth in enterprise technology segment revenue (to $207.4 million) and a 10.5% increase in service provider technology segment revenue (to $115.9 million). On the bottom line, that translated to adjusted net income of $98.7 million, or $1.44 per share. Analysts, on average, were only expecting revenue of $308 million and adjusted earnings of $1.29 per share. It ce
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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