Ubiquiti Networks (NASDAQ:UBNT) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.00-4.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.25. The company issued revenue guidance of $1.1-1.2 billion, compared to the consensus revenue estimate of $1.13 billion.
NASDAQ:UBNT traded up $16.59 during trading hours on Friday, hitting $111.13. 2,031,100 shares of the company’s stock traded hands, compared to its average volume of 467,969. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 1.90 and a beta of 1.11. Ubiquiti Networks has a 52 week low of $49.40 and a 52 week high of $112.38. The company has a debt-to-equity ratio of 1.46, a quick ratio of 7.96 and a current ratio of 8.87.
Ubiquiti Networks (NASDAQ:UBNT) last posted its quarterly earnings data on Friday, November 9th. The Wireless communications provider reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.16. The company had revenue of $282.90 million during the quarter, compared to analyst estimates of $270.60 million. Ubiquiti Networks had a return on equity of 69.24% and a net margin of 19.30%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. Equities analysts forecast that Ubiquiti Networks will post 3.4 earnings per share for the current fiscal year.
In other Ubiquiti Networks news, VP Benjamin Moore sold 100,000 shares of Ubiquiti Networks stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $87.91, for a total transaction of $8,791,000.00. Following the completion of the sale, the vice president now owns 673,206 shares of the company’s stock, valued at $59,181,539.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 78.70% of the company’s stock.
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About Ubiquiti Networks
Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
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