Ubiquiti Networks (NASDAQ:UBNT) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.00-4.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.25. The company issued revenue guidance of $1.1-1.2 billion, compared to the consensus revenue estimate of $1.13 billion.
Shares of Ubiquiti Networks stock traded up $16.59 during trading on Friday, reaching $111.13. 2,031,169 shares of the company were exchanged, compared to its average volume of 462,661. 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 $112.38. The stock has a market cap of $6.80 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11.
Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings data on Friday, November 9th. The Wireless communications provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.34. Ubiquiti Networks had a return on equity of 69.24% and a net margin of 19.30%. The business had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $270.60 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts expect that Ubiquiti Networks will post 3.4 EPS for the current fiscal year.
In other Ubiquiti Networks news, VP Benjamin Moore sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $87.91, for a total value of $8,791,000.00. Following the completion of the transaction, the vice president now directly owns 673,206 shares of the company’s stock, valued at $59,181,539.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 78.70% of the stock is currently owned by insiders.
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Ubiquiti Networks Company Profile
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.
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