Ubiquiti Networks Inc. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $4.73, surpassing the consensus estimate of $4.48 by $0.25.
Revenue for the quarter totaled $937.3 million, up 8% from the $868.35 million forecast. The company’s performance was highlighted by InvestingPro, which rated its financial health as "great performance."
Shares of Ubiquiti closed at $573.87 on Friday, a decline of 2.59% from the prior session. Over the past three months, the stock has fallen 6.05%, though it remains 12.47% higher year-over-year.
The company’s earnings report also noted one negative EPS revision in the last 90 days, with no positive revisions recorded during the same period.
Ubiquiti, listed on the NYSE under the ticker UI, continues to operate in the networking equipment sector, delivering performance-driven solutions for enterprise and service provider markets.
