Last $19.30 USD
Change Today -0.11 / -0.57%
Volume 131.9K
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As of 8:10 PM 05/23/13 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 Third Quarter and Nine Months Ended March 31, 2013; Provides Earnings Guidance for the Fourth Quarter Ending June 30, 2013

Ubiquiti Networks, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net income attributable to common stockholders was $20,667,000 or $0.23 diluted earnings per share on revenue of $83,155,000 compared to net income attributable to common stockholders of $27,920,000 or $0.30 diluted earnings per share on revenue of $91,665,000 for the same period a year ago. Income from operations was $23,503,000 and income before provision for income taxes was $23,216,000 compared to income from operations of $32,556,000 and income before provision for income taxes of $32,366,000 for the same period a year ago. Non-GAAP net income was $21,087,000 or $0.24 diluted earnings per share compared to $28,118,000 or $0.30 diluted earnings per share for the same period a year ago. Cash flows from operations were $35.2 million. CapEx for the quarter was about between $500,000 and $750,000. For nine months, the company reported net income attributable to common stockholders was $51,649,000 or $0.57 diluted earnings per share on revenue of $219,591,000 compared to net loss attributable to common stockholders of $38,327,000 or $0.48 diluted loss per share on revenue of $258,649,000 for the same period a year ago. Income from operations was $59,397,000 and income before provision for income taxes was $58,827,000 compared to income from operations of $91,232,000 and income before provision for income taxes of $90,096,000 for the same period a year ago. Non-GAAP net income was $52,998,000 or $0.58 diluted earnings per share compared to $74,723,000 or $0.80 diluted earnings per share for the same period a year ago. For the fourth quarter ending June 30, 2013, the company expected revenues of $90 million to $96 million, GAAP Diluted EPS of $0.25 and $0.28 and non-GAAP diluted EPS of $0.26 to $0.29. The company expects to continue to generate significant free cash flow, with the majority of that cash being generated and held outside the U.S.

Ubiquiti Networks, Inc., Q3 2013 Earnings Call, May 09, 2013

Ubiquiti Networks, Inc., Q3 2013 Earnings Call, May 09, 2013

Ubiquiti Networks, Inc. to Report Q3, 2013 Results on May 09, 2013

Ubiquiti Networks, Inc. announced that they will report Q3, 2013 results at 5:00 PM, Eastern Standard Time on May 09, 2013

Ubiquiti Networks, Inc. Introduces UniFi 3.0

Ubiquiti Networks, Inc. has introduced UniFi 3.0, the first Wi-Fi platform to deliver 802.11ac access points and management software to support the demanding and growing needs of under networked businesses, hotel chains, restaurants, hospitals, schools, and more. 802.11ac or Gigabit Wi-Fi is the newest Wi-Fi protocol for the 802.11 wireless networking standard. It can deliver more than three times the data transfer speeds of the current 802.11n protocol in addition to improved network robustness, reliability and RF bandwidth utilization efficiency for demanding applications such as HD video, video conferencing, streaming media, VOIP and more. Ubiquiti's new UniFi 3.0 software offers unique and innovative 'Zero Hand-Off Roaming' technology that enables mobile users to roam anywhere and seamlessly maintain their connection as they switch to the nearest AP. Whereas existing roaming solutions require negotiation with the client device and may cause latency and/or interoperability problems, Ubiquiti's Zero Hand-Off Roaming makes multiple APs appear as a single AP, so it can work with any client and require no interaction from the client device. UniFi 3.0 builds on previous UniFi releases, which offer comprehensive hotspot management and a flexibly deployed software controller. The controller can run on-premises, in a private cloud or public cloud. New features of the UniFi 3.0 software include: multi-site management capabilities, enabling a single controller to manage distributed deployments and multi-tenancy for managed service providers; detailed analytics, which can be used for managing large user populations and for faster troubleshooting; WLAN Groups for flexible configuration of large deployments; wireless mesh capabilities so that APs do not require a wired uplink. UniFi 802.11ac access points are priced at $299. Initial customer shipments are expected to begin in April with volume shipments in May.

Ubiquiti Networks, Inc. Presents at JMP 12th Annual Research Conference, May-13-2013 01:00 PM

Ubiquiti Networks, Inc. Presents at JMP 12th Annual Research Conference, May-13-2013 01:00 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.

 

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