Ubiquiti Networks Connects With Strong Earnings, Light Sales
Ubiquiti Networks (NASDAQ: UBNT) released fiscal fourth-quarter results on Friday morning, detailing continued strong growth from its enterprise technology segment that was partially offset by a modest decline from its smaller service-provider business. Ubiquiti also ramped up its share repurchases this quarter and approved a big new buyback after nearly exhausting its current authorization.
Still, the networking technology leader's top-line gains were smaller than many investors had hoped, leaving Ubiquiti shares down around 6% in the wake of the news. So let's take a closer look at what it accomplished over the past few months.
IMAGE SOURCE: UBIQUITI NETWORKS.
Source Fool.com
