STOCK TITAN

Ubiquiti Inc. - UI STOCK NEWS

Welcome to our dedicated page for Ubiquiti news (Ticker: UI), a resource for investors and traders seeking the latest updates and insights on Ubiquiti stock.

Ubiquiti Inc. (symbol: UI) is a pioneering communications technology company founded in 2005. The company is renowned for designing and manufacturing cutting-edge technology platforms tailored for emerging markets, which facilitate profitable business models and promote ubiquitous connectivity. Ubiquiti’s core technology platforms include airMAX, UniFi, and airVision, each known for delivering exceptional user experiences combined with industry-leading performance at disruptive price points.

Ubiquiti Inc. primarily operates in two categories: Service Provider Technology and Enterprise Technology. The company generates the majority of its revenue from its Enterprise Technology segment, which caters to small Internet service providers and small- to mid-sized business integrators. Ubiquiti’s products are recognized for their reliability, innovation, and cost efficiency.

The geographical revenue distribution of Ubiquiti Inc. is diverse, with a substantial portion of its revenue coming from North America. Additionally, the company has a strong presence in regions such as Europe, the Middle East and Africa (EMEA), the Asia Pacific, and South America.

Recently, Ubiquiti has been making significant strides in the industry with various projects and partnerships aimed at expanding its market reach and enhancing its technological offerings. The company continues to focus on developing solutions that meet the evolving needs of its customers, ensuring seamless connectivity and superior network performance.

Rhea-AI Summary

Ubiquiti Inc. (NYSE: UI) reported strong first quarter fiscal 2025 results with record revenues of $550.3 million, up 18.8% year-over-year. The company achieved GAAP diluted EPS of $2.12 and non-GAAP diluted EPS of $2.14. Enterprise Technology revenue grew to $470.2 million, while Service Provider Technology revenue was $80.2 million. Gross profit margin improved to 42.1%, up from 39.7% in the prior year. The Board declared a $0.60 per share cash dividend payable on November 25, 2024. Notable regional performance included North America revenue of $271.2 million and Europe, Middle East and Africa revenue of $204.9 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

HyperLight , a provider of thin film lithium niobate (TFLN) photonic integrated circuits (PICs), has secured a $37 million Series B investment led by Summit Partners. The funding round includes participation from existing investors Xora Innovation and Foothill Ventures. Peter Chung, Managing Director and CEO of Summit Partners, will join HyperLight's Board of Directors.

HyperLight's TFLN PICs offer superior bandwidth and energy efficiency for AI/data center infrastructure, telecommunications optical networks, and high-performance computing. The company has delivered industrial-scale TFLN PICs with a trusted supply chain since its founding in 2018.

The new financing will enable HyperLight to accelerate product development and meet growing customer demand. The investment is expected to enhance the company's ability to serve as a trusted innovation partner in the photonics industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
none
-
Rhea-AI Summary

Ubiquiti Inc. (NYSE: UI) reported record revenues of $507.5 million for Q4 fiscal 2024, a 3.3% increase year-over-year. GAAP diluted EPS was $1.72, while non-GAAP diluted EPS reached $1.74. For the full fiscal year 2024, revenues were $1.9 billion with GAAP diluted EPS of $5.79.

The company's Enterprise Technology segment drove growth, while Service Provider Technology revenues decreased. Gross margin improved to 40.2% in Q4, up from 35.3% in Q3, primarily due to lower inventory charges and favorable product mix. The Board declared a $0.60 per share dividend payable on September 9, 2024.

R&D expenses increased to $44.1 million in Q4, while SG&A expenses rose to $21.7 million. Interest expense decreased compared to the previous quarter and year-ago period.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.83%
Tags
Rhea-AI Summary

Ubiquiti Inc. (NYSE: UI) reported revenues of $493.0 million and GAAP diluted EPS of $1.26 in the third quarter fiscal 2024. The company's Board declared a $0.60 per share cash dividend. Revenues increased by 6.0% from the prior quarter and 7.7% from the prior year. GAAP gross margin decreased to 35.3%. R&D expenses and SG&A expenses increased. GAAP net income was $76.3 million, with non-GAAP net income at $77.6 million. GAAP earnings per diluted share was $1.26, while non-GAAP earnings per diluted share were $1.28.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9%
Tags
-
Rhea-AI Summary
Ubiquiti Inc. (UI) announces second-quarter fiscal 2024 financial results with revenues of $465.0 million and GAAP diluted EPS of $1.36. The company also declared a $0.60 per share cash dividend. Revenues increased by 0.4% from the prior quarter but decreased by 5.8% compared to the same period last year. Gross margin decreased to 38.2%, driven by higher product-related costs and shipping costs. R&D expenses increased to $36.9 million, while SG&A expenses rose to $19.6 million. GAAP net income was $82.1 million, and non-GAAP net income was $83.3 million, both showing a decrease from the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.73%
Tags
-
Rhea-AI Summary
Ubiquiti Inc. (NYSE: UI) introduces UniFi 7, a Wi-Fi 7 solution designed for professional and enterprise deployments. The U7 Pro offers breakthrough Wi-Fi technology, delivering wired-like user experiences at a price of $189 MSRP. It is capable of providing flawless Wi-Fi service in demanding large-scale environments, utilizing interference-resilient radio technologies and newly supported 6 GHz spectrum. UniFi 7 aims to deliver industry-leading performance and simple management at a low total cost of ownership for organizations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.98%
Tags
none
Rhea-AI Summary
Ubiquiti Inc. (NYSE: UI) reported first-quarter fiscal 2024 financial results with revenues of $463.1 million, a decrease of 5.7% from the previous quarter and 7.0% from the same period last year. The company's gross profit margin was 39.7%, a decrease of 1.7% from the previous quarter but an increase of 5.3% from the same period last year. The GAAP diluted earnings per share were $1.45.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.66%
Tags
-
Rhea-AI Summary
Ubiquiti Inc. announces Q4 and full year fiscal 2023 financial results. Revenues of $491.1 million, representing a 7.3% increase from the prior quarter and a 10.8% increase from the comparable prior year period. GAAP diluted EPS of $1.72. The Company's Board declares a $0.60 per share cash dividend payable on September 11, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.34%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.42%
Tags
Rhea-AI Summary

Ubiquiti Inc. (NYSE: UI) reported second quarter fiscal 2023 results with revenues of $493.6 million, marking a 0.9% decrease from the previous quarter yet a 14.4% increase year-over-year. GAAP diluted earnings per share (EPS) stood at $1.86, reflecting a 12.0% increase compared to the prior year. The company's board declared a $0.60 cash dividend per share, payable on February 21, 2023. Gross profit reached $197.6 million, with a gross margin of 40.0%. R&D and SG&A expenses increased to $33.8 million and $18.6 million respectively. Supply constraints continue to pose risks, potentially impacting inventory and costs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.4%
Tags

FAQ

What is the current stock price of Ubiquiti (UI)?

The current stock price of Ubiquiti (UI) is $312.91 as of November 8, 2024.

What is the market cap of Ubiquiti (UI)?

The market cap of Ubiquiti (UI) is approximately 18.8B.

What does Ubiquiti Inc. do?

Ubiquiti Inc. designs and manufactures innovative communication technology platforms for emerging markets, facilitating profitable business models and widespread connectivity.

When was Ubiquiti Inc. founded?

Ubiquiti Inc. was founded in 2005.

What are the main product platforms of Ubiquiti Inc.?

The main product platforms of Ubiquiti Inc. include airMAX, UniFi, and airVision.

In which markets does Ubiquiti Inc. primarily operate?

Ubiquiti Inc. primarily operates in Service Provider Technology and Enterprise Technology markets.

Where does Ubiquiti Inc. generate most of its revenue?

Ubiquiti Inc. generates most of its revenue from its Enterprise Technology segment.

Which regions contribute to Ubiquiti Inc.’s revenue?

Ubiquiti Inc. derives its revenue mainly from North America, with significant contributions from Europe, the Middle East and Africa; Asia Pacific, and South America.

What recent projects has Ubiquiti Inc. undertaken?

Ubiquiti Inc. has been involved in various projects and partnerships aimed at enhancing market reach and improving technological offerings.

Who are the primary customers of Ubiquiti Inc.?

Ubiquiti Inc.’s primary customers are small Internet service providers and small- to mid-sized business integrators.

How does Ubiquiti Inc. ensure superior network performance?

Ubiquiti Inc. focuses on developing innovative solutions that meet evolving customer needs, ensuring seamless connectivity and superior network performance.

What is the significance of Ubiquiti Inc.’s technology platforms?

Ubiquiti Inc.’s technology platforms are significant for their unparalleled user experience, industry-leading performance, and cost-effectiveness, making them disruptive in the market.

Ubiquiti Inc.

NYSE:UI

UI Rankings

UI Stock Data

18.78B
60.47M
93.09%
4.09%
0.51%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
NEW YORK