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Ubiquiti (UI) reports a top-line contraction year over year in the second quarter of fiscal 2024, owing to declining trends in multiple end markets.
Ubiquiti Inc. (UI) came out with quarterly earnings of $1.38 per share, missing the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.86 per share a year ago.
We have our first big merger of 2024. Hewlett Packard Enterprise (NYSE: HPE ) is buying Juniper Networks (NYSE: JNPR ) for about $14 billion.
Ubiquiti (UI) unveils UniFi 7, a massively scalable Wi-Fi 7 solution designed to provide robust WiFi connectivity in enterprise operations.
Ubiquiti's Q1/FY2024 results were a negative surprise because of weak revenues, causing the stock price to fall by -15%. As the industry seems to be facing a challenging macro environment, I believe that Ubiquiti's long-term story should still stand despite current weakness. My DCF model estimates a higher upside than in the previous write-up, but I don't believe the upside is significant enough for a buy rating.
The tech equipment specialist unveiled the results of its first quarter of fiscal 2024. Unfortunately for investors, those results badly missed analyst estimates.
Ubiquiti Inc. (UI) came out with quarterly earnings of $1.47 per share, missing the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $1.54 per share a year ago.
Ubiquiti Inc. has been a great growth stock for years. Recent issues with the supply chain have caused it to decline. I expect growth to return. The company's business strategy, focused on R&D and efficient cost structure, has been successful. The recent stock price drop presents a potential buying opportunity, as the issues causing the decline are likely short-term and manageable.
Ubiquiti (UI) reports higher revenues year over year in the fourth quarter of fiscal 2023, backed by healthy growth in the Enterprise Technology segment.