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Ubiquiti Networks Inc (NASDAQ:UBNT) Reports Q3 Profit Falls – UBNT, CLWR, VOD, NIHD, AMX

Communications technology firm Ubiquiti Networks Inc (NASDAQ:UBNT) announced on Thursday that a 26% decrease in Q1 profit, hurt by lower demand for its key airMAX platform and other systems. Results as well reflect a surge in operating costs. However, quarterly earnings beat Wall Street anticipates by 2 cent, and revenues beat their expects.

The San Jose, California-based firm reported quarterly net income of $20.7M or $0.23 a share, in contrast with $28M or $0.30 a share previous year.

The excluding items, adjusted earnings for the quarter were $21M or $0.24 a share. The six analysts on average polled by Thomson Reuters anticipated earnings of $0.22 a share. Analysts’ predicts typically exclude special items.

Revenues for the quarter dropped 9% to $83M from $91.7M in the previous year. Analysts had consensus revenue predicts of $80.10M.

Ubiquiti Networks Inc (NASDAQ:UBNT) stock hit highest price at $16.69, beginning with a price of $16.09 and reported decreased -1.53% to the closed at $16.11 with day range of $16.09-$16.69. The total market capitalization remained $1.40 billion, total volume held in the session was 345,109 shares surprisingly higher than its average volume of 115,653 shares.

To check the Stocks ups and downs, UBNT last week stock price volatility remained 3.19% and month was at 4.49%. UBNT generated revenue of 322.97 million in the following twelve months income of $87.95 million. The Company showed a positive 27.06% in the net profit margin and in addition to in its operating margin which remained 31.74%. Company’s annual sales growth for the past five year was 106.44%.

The UBNT past twelve months price to sales ratio was 4.34 and price to cash ratio remained 9.45. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Clearwire Corporation (NASDAQ:CLWR)’s P/S 3.82% P/C 6.04%, Vodafone Group Plc (ADR) (NASDAQ:VOD)’s P/S 2.26% P/C 13.27%, NII Holdings, Inc. (NASDAQ:NIHD)’s P/S 0.19% P/C 0.72%, America Movil SAB de CV (ADR) (NYSE:AMX)’s P/S 1.23% P/C 25.65%.


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