- Ubiquiti Networks (UBNT) reports Q1 beats with $1.17 EPS (+27% Y/Y) and revenue up 15% Y/Y to $282.9M. Reaffirmed FY19 guidance has in-line EPS of $4 to $4.80 (consensus: $4.25) and revenue of $1.1B to $1.2B (consensus: $1.13B).
- Revenue breakdown: Service Provider Technology, $105M (-13% Y/Y); Enterprise Technology, $177.9M (+41%).
- Repurchase program: Board authorizes the repurchase of up to $200M of common stock. The program expires at the end of next year.
- Press release.
- Previously: Ubiquiti Networks beats by $0.16, beats on revenue (Nov. 9)