- Ubiquiti (UBNT) now expects FQ4 revenue of $147.5M and EPS of $0.47, below a consensus of $153.4M and $0.49. Prior guidance was at $146M-$158M and $0.45-$0.50. No explanation is given for the numbers.
- The wireless broadband infrastructure vendor also states CFO/director Craig L. Foster has resigned to take a position with another company. Hartley Nisenbaum, Ubiquiti's EVP of operations and legal affairs, will serve as interim CFO while a search is carried out for a replacement.
- Shares have plunged to $26.00 AH. The 52-week low is $25.67.
- Update (4/24): Ubiquiti gradually erased its losses today, and closed down just 0.5%.