Core Insights - Ubiquiti, Inc. reported strong third-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 $180.4 million or $2.98 per share, a significant increase from $76.3 million or $1.26 in the same quarter last year [2]. - Non-GAAP net income was $181.8 million or $3 per share, compared to $77.6 million or $1.28 in the prior year, beating the consensus estimate by $1.14 [2]. - Revenue for the quarter reached $664.2 million, up from $493 million year-over-year, surpassing the consensus estimate by $50 million [3]. Segment Performance - The Enterprise Technology segment generated $585.7 million in revenues, a substantial increase from $414.3 million in the prior-year quarter, exceeding the estimate of $526.5 million [3]. - Service Provider Technology revenues were $78.4 million, slightly down from $78.7 million year-over-year, primarily due to soft demand in North America, South America, and Asia Pacific [4]. Regional Performance - North America revenues increased to $322.7 million from $242.5 million year-over-year [5]. - EMEA revenues rose to $282.1 million from $200.7 million [5]. - Asia Pacific revenues grew to $37.5 million from $26.5 million, while South America revenues decreased to $21.8 million from $23.4 million [5]. Profitability and Expenses - Gross profit was $295.9 million, up from $174.1 million in the prior year, with gross margins improving to 44.5% from 35.3% [6]. - Research and development expenses increased to $44.3 million from $42.5 million due to higher software and employee-related expenses [7]. - Operating income rose to $226.9 million from $111.2 million year-over-year [7]. Cash Flow and Liquidity - Ubiquiti generated $509.7 million in cash from operating activities in the first nine months of fiscal 2025, compared to $310.1 million in the prior year [8]. - As of March 31, 2025, the company had $151 million in cash and cash equivalents, with $22.1 million in other long-term liabilities [8].

Zillow Group, Inc. (ZG) reported relatively mixed first-quarter 2025 results, wherein the bottom line missed the Zacks Consensus Estimate but the top line beat the same. It reported revenue expansion year over year.The company has a solid brand position in the residential real estate industry, boasting 227 million average monthly unique users across the Zillow ecosystem of apps and sites. Its advanced technology, such as Zillow Showcase, featuring various AI features, Real Time Touring and New Construction ...

Cogent Communications Inc. (CCOI) reported soft first-quarter 2025 results, with the bottom and top lines missing the Zacks Consensus Estimate. The Washington, DC-based leading Internet service provider reported a top-line decline year over year, owing to weakness in enterprise and corporate business.CCOI’s Net IncomeThe company reported a net loss of $52 million or a loss of $1.09 per share compared with a net loss of $65.3 million or a loss of $1.38 in the year-ago quarter. Despite top-line decline, lower ...

Combined benefits of Nutanix Cloud Platform with Pure Storage FlashArray to provide flexibility, security, and scale with the high-performance needed for the most demanding environmentsWASHINGTON and SANTA CLARA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, and Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world’s most advanced data storage platform and services, today announced a partnership aimed at providing a deeply integrated s ...