UbiquitiNYSE: UI

Ubiquiti (UI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

An analyst cut his price target on the wireless networking specialist. He also maintained his bearish recommendation on the stock.

Ubiquiti saw a price target increase from a sell-side analyst. Despite lukewarm results last week, Ubiquiti is successfully paying down its debt.

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.

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Friday.

Ubiquiti (NYSE: UI ) just reported results for the fourth quarter of 2024. Ubiquiti reported earnings per share of $1.74.

Ubiquiti (UI) reports a top-line expansion year over year, backed by growing demand for Enterprise Technology products. However, rising shipping costs were a headwind.

Ubiquiti (UI) maintains a proprietary network communication platform that is committed to reducing operational costs for clients by using a self-sustaining mechanism for rapid product support and dissemination of information.

Ubiquiti (UI) experiences an increase in revenue in the third quarter of fiscal 2024 compared to the previous year, due to strong demand in various regions such as North America, Europe, and the Middle East.