UI Stock Recent News

Ubiquiti reported better-than-expected revenue but missed on earnings per share. Management is still not raising prices in spite of increased component costs.

Markets clawed back to modest gains even after taking a hit from Fed Chair Jerome Powell's speech. Ubiquiti climbed after reporting solid quarterly results.

Ubiquiti Inc. (UI) came out with quarterly earnings of $1.73 per share, missing the Zacks Consensus Estimate of $2.07 per share. This compares to earnings of $1.53 per share a year ago.

The heavy selling pressure might have exhausted for Ubiquiti (UI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

The tech sector is on a roll once again. After a weak 2022, high-potential growth stocks are back in fashion.

Ubiquiti, a networking infrastructure company, has seen consistent revenue growth since its inception in 2003. The company's valuation suggests that moderate growth should continue into the future. As Ubiquiti's comparison numbers soften from Covid-related temporary highs, the company could see an accelerated growth rate that's higher than analysts currently expect.

Ubiquiti has seen a softer quarter and sees a continued build-up in inventories. This is somewhat disappointing, but as often has been the case, shares react with great volatility to the results.

Ubiquiti Inc. (UI) came out with quarterly earnings of $1.65 per share, missing the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $0.82 per share a year ago.

In collaboration with Fundacion Ikerbasque, IBM recently announced the launch of the Quantum Computational Center in Spain to accelerate quantum research.

Hussman Strategic Advisors is the advisory firm to Hussman Funds. In its most recent 13F filing for the fourth quarter of 2022, the firm reported ~$614 million in U.S. common stock holdings.