Why Ubiquiti Stock Surged 25.1% in September

Core Insights - Ubiquiti's shares increased by 25.1% in September, outperforming the S&P 500 and Nasdaq indices, which returned 3.7% and 5.7% respectively [1][3] - The stock's strong performance was driven by positive momentum from a strong fiscal Q4 earnings report released in late August [3][5] Financial Performance - In fiscal Q4, Ubiquiti's revenue rose 50% year over year to $759.2 million, with enterprise technology revenue increasing by 58% to $680.1 million and service provider technology revenue growing by 4% to $79 million [6][8] - Earnings per share (EPS) based on GAAP increased by 56% year over year to $4.41, while adjusted EPS surged 103% to $3.54, significantly exceeding Wall Street's expectation of $2.23 [6][8] Dividend and Stock Buyback - Ubiquiti raised its quarterly dividend by 33% to $0.80 per share, marking the first increase since 2021, with the new dividend payable on September 8 [7][10] - The company initiated a stock repurchase program authorizing the buyback of up to $500 million of its common stock [8]