Ubiquiti Networks (NASDAQ:UBNT) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 7th.

Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings data on Thursday, November 9th. The Wireless communications provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $245.90 million for the quarter, compared to analysts’ expectations of $240.39 million. Ubiquiti Networks had a net margin of 28.76% and a return on equity of 45.45%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. On average, analysts expect Ubiquiti Networks to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Ubiquiti Networks (NASDAQ:UBNT) opened at $81.49 on Wednesday. The company has a market cap of $6,360.00, a PE ratio of 25.87, a P/E/G ratio of 1.38 and a beta of 0.51. Ubiquiti Networks has a 12 month low of $45.71 and a 12 month high of $82.30.

Ubiquiti Networks announced that its Board of Directors has approved a share buyback plan on Thursday, November 9th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Friday, January 12th. BMO Capital Markets lowered their price objective on shares of Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating on the stock in a research note on Friday, November 10th. Vetr cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $62.28 price objective on the stock. in a research note on Wednesday, October 4th. ValuEngine raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, BidaskClub cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Ubiquiti Networks has a consensus rating of “Hold” and an average price target of $62.95.

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Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

Earnings History for Ubiquiti Networks (NASDAQ:UBNT)

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