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Shares of Ubiquiti Inc. (UI) have surged 222.8% over the past year, driven by an accretive customer base and healthy revenues on the back of a flexible business model. With healthy fundamentals, this Zacks Rank #1 (Strong Buy) wireless equipment manufacturer appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.Image Source: Zacks Investment ResearchKey Growth Drivers of UIWith the wide proliferation of the Internet and exponential growth i ...

Core Insights - Ubiquiti, Inc. reported strong first-quarter fiscal 2025 results, with both revenue and net income exceeding Zacks Consensus Estimates, driven by robust demand in the Enterprise Technology segment [1][2] Financial Performance - Net income on a GAAP basis was $128 million or $2.12 per share, up from $87.8 million or $1.45 per share in the same quarter last year, reflecting solid top-line growth despite higher operating expenses [2] - Non-GAAP net income for the quarter was $129.3 million or $2.14 per share, compared to $88.9 million or $1.47 per share in the prior year, beating the consensus estimate of $1.77 [2] Revenue Breakdown - Total net sales increased to $550.3 million from $463.1 million year-over-year, surpassing the consensus estimate by $15 million [3] - The Enterprise Technology segment generated $470.2 million in revenues, up from $380.1 million in the prior year, exceeding the estimate of $438.1 million [3] - Service Provider Technology revenues were $80.2 million, down from $83 million in the year-ago quarter, primarily due to soft demand in North America and EMEA, but still beating the revenue estimate of $78.9 million [4] Regional Performance - North America revenues reached $271.2 million, up from $224.8 million year-over-year [5] - EMEA revenues increased to $204.9 million from $172.4 million [5] - Asia Pacific revenues rose to $40.9 million from $36.1 million [5] - South America revenues were $33.3 million, up from $29.8 million a year ago [5] Profitability Metrics - Gross profit for the quarter was $231.6 million, compared to $183.9 million in the prior year, with gross margins improving to 42.1% from 39.7% [6] - Operating income increased to $169.2 million from $128.3 million in the previous year [7] Cash Flow and Liquidity - Ubiquiti generated $233.7 million in cash from operating activities, significantly up from $67.7 million in the prior year [8] - As of September 30, 2024, the company had $165.2 million in cash and cash equivalents, with long-term debt of $527.2 million [8]

Ubiquiti Inc. (UI) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.90%. A quarter ago, it was expected that this computer networking company would post earnings of $1.67 per share when it actually produced earnings of $1.74, delivering a surprise of 4.19%.Over the last four quarter ...

Ubiquiti Inc. (UI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Ind ...

For Immediate Releases Chicago, IL – September 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ubiquiti Inc. (UI) , Spotify Technology S.A. (SPOT) , DocuSign Inc. (DOCU) , Vertiv Holdings Co. (VRT) and Universal Health Services Inc. (UHS) . Here are highlights from Monday's Analyst Blog: Buy 5 Large-Cap Growt ...

Core Viewpoint - Ubiquiti's share price experienced a significant decline of over 10% following a price target cut by an analyst, contrasting with the S&P 500's slight gain of 0.2% [1] Price Target Adjustment - Barclays analyst Tim Long reduced Ubiquiti's price target from $108 to $104 per share, maintaining an underweight (sell) recommendation on the stock [2] Earnings Performance - Ubiquiti's recent fiscal fourth-quarter results fell short of consensus analyst estimates for both revenue and earnings, which likely influenced the analyst's decision to lower the price target [3] Dividend Declaration - The company declared a quarterly dividend of $0.60 per share, maintaining the same payout level since September 2021, which may disappoint dividend-focused investors [4] Contrasting Analyst Opinions - BWS Financial raised its price target for Ubiquiti by 50%, from $160 to $240, while maintaining a buy recommendation, indicating a more optimistic outlook compared to other analysts [5]

Core Insights - Ubiquiti reported earnings per share (EPS) of $1.74, exceeding the analyst estimate of $1.73 [1] - The company's revenue for the fourth quarter of 2024 was $507.46 million, which was 0.81% lower than the analyst estimate of $511.62 million [1]

Ubiquiti, Inc. (UI) reported mixed fourth-quarter fiscal 2024 results, with the bottom beating the Zacks Consensus Estimate but the top line missing the same. The New York-based networking products and solutions providers reported revenue growth year over year, owing to healthy traction in the Enterprise Technology vertical. Ubiquiti's Net Income Net income, on a GAAP basis, in the quarter was $103.8 million or $1.72 per share compared with $103.7 million or $1.72 per share in the year-ago quarter. Despite ...

Ubiquiti Inc. (UI) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.19%. A quarter ago, it was expected that this computer networking company would post earnings of $1.79 per share when it actually produced earnings of $1.28, delivering a surprise of -28.49%. Over the last four quart ...