Ubiquiti Networks Inc (UBNT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Ubiquiti Networks Inc (UBNT) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.64. The company posted revenue of $185.70 million in the period, compared to analysts expectations of $174.47 million. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Ubiquiti Networks Inc closed down -0.79 points or -1.76% at $44.08 with 3,27,067 shares getting traded on Tusday. Post opening the session at $44.97, the shares hit an intraday low of $43.6126 and an intraday high of $45.4 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Feb 11, 2015, Craig L Foster (Chief Financial Officer) sold 7,044 shares at $29.73 per share price.

Ubiquiti Networks Inc. develops high performance networking technology for service providers and enterprises. The Company’s technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband wireless backhaul systems and routing. The Company’s technology platforms for enterprises enable wireless local area network (WLAN) infrastructure video surveillance products and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.

Ubiquiti Networks Inc

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