Ubiquiti Networks (UBNT) Set to Announce Earnings on Friday

Share on StockTwits

Ubiquiti Networks (NASDAQ:UBNT) will be releasing its earnings data before the market opens on Friday, November 9th. Analysts expect Ubiquiti Networks to post earnings of $0.83 per share for the quarter. Ubiquiti Networks has set its FY19 guidance at $4.00-4.80 EPS.

Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings results on Friday, August 24th. The Wireless communications provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $269.80 million during the quarter, compared to the consensus estimate of $256.03 million. Ubiquiti Networks had a net margin of 19.30% and a return on equity of 69.24%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. On average, analysts expect Ubiquiti Networks to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of UBNT opened at $90.90 on Wednesday. The company has a market cap of $6.73 billion, a P/E ratio of 24.84, a PEG ratio of 1.95 and a beta of 1.11. The company has a quick ratio of 7.96, a current ratio of 8.87 and a debt-to-equity ratio of 1.46. Ubiquiti Networks has a twelve month low of $49.40 and a twelve month high of $101.33.

In other Ubiquiti Networks news, VP Benjamin Moore sold 100,000 shares of Ubiquiti Networks stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $87.91, for a total value of $8,791,000.00. Following the completion of the sale, the vice president now owns 673,206 shares of the company’s stock, valued at approximately $59,181,539.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 78.70% of the company’s stock.

Several brokerages recently weighed in on UBNT. BMO Capital Markets reissued a “hold” rating on shares of Ubiquiti Networks in a research report on Friday, August 24th. BidaskClub downgraded shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Credit Suisse Group set a $73.00 price target on shares of Ubiquiti Networks and gave the company a “hold” rating in a research report on Wednesday, July 18th. ValuEngine downgraded shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “strong-buy” rating and set a $103.00 price target for the company in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.62.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://weekherald.com/2018/11/07/ubiquiti-networks-ubnt-set-to-announce-earnings-on-friday.html.

About Ubiquiti Networks

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

See Also: Dollar Cost Averaging

Earnings History for Ubiquiti Networks (NASDAQ:UBNT)

Receive News & Ratings for Ubiquiti Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ubiquiti Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply