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Ubiquiti Inc. - UI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ubiquiti 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ubiquiti 's position in the market.

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%
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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%
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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%
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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%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.42%
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Rhea-AI Sentiment
End-of-Day
-6.4%
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Rhea-AI Sentiment
End-of-Day
-8.65%
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Rhea-AI Sentiment
End-of-Day
-0.88%
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Rhea-AI Sentiment
End-of-Day
-15.6%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.67%
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Ubiquiti Inc.

NYSE:UI

UI Rankings

UI Stock Data

6.64B
4.17M
93.1%
4.05%
0.8%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States of America
NEW YORK

About UI

ubiquiti networks is a next-generation communications technology company founded in 2005. we design and manufacture disruptive technology platforms for emerging markets that drive profitable business models and enable ubiquitous connectivity. our technology platforms such as airmax, unifi, and airvision, focus on unparalleled user experience combined with industry leading performance at disruptive cost points.