Why Ubiquiti Stock Rose 13.8% in May
Shares of Ubiquiti (NYSE: UI) rose 13.8% during the month of May, according to data from S&P Global Market Intelligence. The networking equipment vendor delivered a better-than-expected earnings report on May 8, and also bought back a fair amount of stock during the first-quarter market plunge.
It was another example of great business execution combined with shareholder-friendly capital allocation that Ubiquiti has been known for over the past few years.
Image source: Ubiquiti Inc.
Source Fool.com
