Last $29.92 USD
Change Today +0.03 / 0.10%
Volume 885.2K
UBNT On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

ubiquiti networks inc (UBNT) Key Developments

Ubiquiti Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Provides Earnings Guidance for the Second Quarter of 2015

Ubiquiti Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported revenues of $150,087,000 against $129,687,000 a year ago. Income from operations was $43,634,000 against $45,896,000 a year ago. Income before provision for income taxes was $43,576,000 against $45,650,000 a year ago. Net income was $37,743,000 or $0.42 per diluted share against $40,528,000 or $0.45 per diluted share a year ago. Non-GAAP net income was $43,406,000 or $0.48 per diluted share against $41,228,000 or $0.46 per diluted share a year ago. The company reported $46.9 million in net cash provided by operating activities. The company provided earnings guidance for the second quarter of 2015. For the quarter, the company expects revenue of $147 million to $153 million, non-GAAP diluted EPS of $0.46 to $0.49 and GAAP diluted EPS of between $0.45 and $0.48.

Ubiquiti Networks Announces Distribution Agreement with Redington

Ubiquiti Networks, Inc. announced a strategic distribution agreement with Redington. Under this agreement, Redington will market and distribute Ubiquiti's broadband and enterprise networking solutions to its vast network of channel partners throughout India. Ubiquiti's highly advanced and easily deployable technology platforms are ideal for the underserved and underpenetrated markets of Redington's customer base. A differentiated business model, combined with innovative proprietary technologies, has resulted in an attractive alternative to traditional high-touch, high-cost equipment providers. Redington will immediately begin marketing, selling and supporting all of the Ubiquiti's platforms for service providers (airMAX(R), airFiber(R) and EdgeMAX(R)) and enterprises (UniFi(R), UniFi Video and mFi(R)).

Ubiquiti Networks Announces Distribution Agreement With ECS

Ubiquiti Networks, Inc. announced a distribution agreement with ECS. The agreement represents a strategic move for Ubiquiti's expansion into Asian markets to bring its industry-defining broadband and enterprise solutions to customers by leveraging one of the strongest distributor networks in the region. By expanding their offerings to include Ubiquiti's leading edge platforms, ECS is providing its customers with a compelling choice for fixed-wireless broadband and enterprise technology. ECS will immediately begin marketing, selling and supporting all of the company's leading edge platforms for service providers (airMAX(R), airFiber(R) and EdgeMAX(R)) and enterprises (UniFi(R), UniFi Video and mFi(R)) to its network. ECS' broad reseller base will augment Ubiquiti's existing service provider-focused distribution channel and contribute to the company's growth in key enterprise vertical markets, such as education, healthcare, security and hospitality.

Ubiquiti Networks, Inc. to Report Q1, 2015 Results on Nov 06, 2014

Ubiquiti Networks, Inc. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on Nov 06, 2014

Ubiquiti Networks, Inc., Q1 2015 Earnings Call, Nov 06, 2014

Ubiquiti Networks, Inc., Q1 2015 Earnings Call, Nov 06, 2014

 

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Valuation UBNT Industry Range
Price/Earnings 15.4x
Price/Sales 4.5x
Price/Book 7.3x
Price/Cash Flow 15.2x
TEV/Sales 3.7x
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