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 (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 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 (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.