Ubiquiti ($UI) Stock Forecast: Down 5.3% Today

What is Ubiquiti?

Ubiquiti Inc. (UI) Market Ubiquiti Inc. is a network equipment provider that has recently experienced a significant surge in its stock price over the past few months. However, today the stock had a bearish movement.

Why is Ubiquiti going down?

UI stock is down 5.3% on Aug 27, 2024 14:11

• Ubiquiti Inc. reported Q4 earnings that beat EPS expectations but missed revenue estimates, leading to a mixed reaction from investors.
• The company's revenue of $507.46 million fell short of the analyst estimate, causing concerns about its growth potential.
• Despite a top-line expansion driven by growing demand for Enterprise Technology products, rising shipping costs acted as a headwind for Ubiquiti.
• The discrepancy between beating EPS estimates and falling short on revenue likely contributed to the bearish movement in UI stock as investors reevaluated the company's performance and future prospects.

UI Price Chart

UI News

Ubiquiti Inc''s Meteoric Rise: Unpacking the 34% Surge in Just 3 Months

Ubiquiti Inc''s Meteoric Rise: Unpacking the 34% Surge in Just 3 Months

https://www.gurufocus.com/news/2510014/ubiquiti-incs-meteoric-rise-unpacking-the-34-surge-in-just-3-months

UI Stock Earnings: Ubiquiti Beats EPS, Misses Revenue for Q4 2024

Ubiquiti (NYSE: UI ) just reported results for the fourth quarter of 2024. Ubiquiti reported earnings per share of $1.74. This was above the analyst estimate for EPS of $1.73. The company reported revenue of $507.46 million. This was 0.81% worse than the analyst estimate for revenue of $511.62 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. The post UI Stock Earnings: Ubiquiti Beats EPS, Misses Revenue for Q4 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/ui-stock-earnings-ubiquiti-for-q4-of-2024/

Ubiquiti ( UI ) Q4 Earnings Beat Estimates on Higher Revenues

Ubiquiti (UI) reports a top-line expansion year over year, backed by growing demand for Enterprise Technology products. However, rising shipping costs were a headwind.

https://www.zacks.com/stock/news/2326511/ubiquiti-ui-q4-earnings-beat-estimates-on-higher-revenues

Why Is Network Equipment Provider Ubiquiti Stock Diving Premarket Friday? - Ubiquiti ( NYSE:UI )

Ubiquiti Inc. UI shares are trading lower premarket Friday after the company reported fourth-quarter results. Revenues grew 3.3% Y/Y to $507.5 million, missing the consensus of $511.62 million.

https://www.benzinga.com/news/earnings/24/08/40526901/why-is-network-equipment-provider-ubiquiti-stock-diving-premarket-friday

Ubiquiti Inc Q4 Earnings: EPS of $1.72 Misses Estimates, Revenue at $507.5 Million Falls Short

Ubiquiti Inc Q4 Earnings: EPS of $1.72 Misses Estimates, Revenue at $507.5 Million Falls Short

https://www.gurufocus.com/news/2509151/ubiquiti-inc-q4-earnings-eps-of-172-misses-estimates-revenue-at-5075-million-falls-short

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Ubiquiti Price History

23.07.2024 - UI Stock was up 5.4%

• Despite a 3.3% year-over-year revenue growth, Ubiquiti's stock saw significant bullish activity.
• This movement could be linked to the company surprising investors with higher earnings and revenues for the quarter, despite missing revenue estimates.
• Investor confidence could be stemming from the positive surprises in earnings and revenue rather than focusing solely on the revenue miss.
• Market sentiment appears optimistic towards Ubiquiti, possibly driven by the promising insights in the earnings report regarding the company's future, overshadowing the initial sales disappointment.

23.07.2024 - UI Stock was down 6.3%

• Ubiquiti Inc. (UI) experienced a strong bearish movement today, with shares falling sharply by 9% in pre-market trading.
• The company reported fourth-quarter results that missed analyst expectations, with revenues growing only 3.3% year-over-year to $507.5 million, falling short of the consensus estimate.
• The lower-than-expected earnings per share (EPS) of $1.72 and revenue figures contributed to the negative investor sentiment towards Ubiquiti Inc.
• The disappointing Q4 results likely led to a lack of confidence in the company's performance, resulting in the significant drop in stock price.

27.07.2024 - UI Stock was down 5.3%

• Ubiquiti Inc. reported Q4 earnings that beat EPS expectations but missed revenue estimates, leading to a mixed reaction from investors.
• The company's revenue of $507.46 million fell short of the analyst estimate, causing concerns about its growth potential.
• Despite a top-line expansion driven by growing demand for Enterprise Technology products, rising shipping costs acted as a headwind for Ubiquiti.
• The discrepancy between beating EPS estimates and falling short on revenue likely contributed to the bearish movement in UI stock as investors reevaluated the company's performance and future prospects.

26.07.2024 - UI Stock was up 4.4%

• Despite missing revenue projections for Q4 2024, Ubiquiti's stock saw a bullish movement today.
• The better-than-anticipated EPS results likely boosted investor confidence and contributed to the stock's upward trend.
• The increased demand for Enterprise Technology products and the year-over-year revenue growth also supported the stock's performance.
• However, the revenue shortfall and the impact of escalating shipping expenses may have moderated the stock's overall market response, resulting in a mixed reaction.

13.04.2024 - UI Stock was up 5.1%

• Despite missing EPS estimates, Ubiquiti (UI) managed to beat revenue expectations for Q3 2024.
• The stock experienced a strong bullish movement as investors seemed to focus more on the positive revenue results rather than the earnings miss.
• This indicates that the market may be more optimistic about Ubiquiti's revenue growth potential and overall financial health, overshadowing concerns about earnings performance.
• The bullish movement could also be attributed to investors looking beyond the quarterly results and focusing on the long-term growth prospects of the company.

04.02.2024 - UI Stock was down 5.0%

• The bearish movement in stock UI may be due to its F-rated status in the tech sector, suggesting poor performance. Investors are advised to be cautious and conduct thorough research to steer clear of underperforming assets like UI.

14.02.2024 - UI Stock was down 5.0%

• An upgrade of Ubiquiti's rating from "sell" to "hold" might have initiated a positive reaction among investors.
• However, a subsequent reduction in the price target by Barclays from $105.00 to $93.00 and the assignment of an "underweight" rating could have instigated worries about the company's future performance, potentially resulting in a bearish trend in the stock.
• The conflicting views of analysts may have instilled doubt among investors, contributing to the decline in Ubiquiti's stock price today.

10.04.2024 - UI Stock was up 8.3%

• UI stock showed a strong bullish movement despite falling short of Q3 earnings and revenue expectations.
• The market positively responded to UI's $493.0 million revenue and the $0.60 per share cash dividend declaration.
• Investor optimism about UI's future potential could be driving the bullish trend following the earnings miss.
• This suggests that investors are focusing more on the company's financial performance and dividend announcement rather than the earnings shortfall.

14.04.2024 - UI Stock was up 7.2%

• Despite missing earnings estimates, Ubiquiti (UI) reported higher revenues in Q3 2024, driven by strong demand in various regions.
• The stock's bullish movement could be attributed to the better-than-expected revenue of $493.00 million, which exceeded analyst estimates by 2.78%.
• Investors might be focusing more on the revenue growth and positive outlook for the company, overlooking the earnings miss.
• The market seems to be optimistic about Ubiquiti's future performance, possibly due to the company's ability to capitalize on market demand despite falling short on earnings expectations.

10.04.2024 - UI Stock was up 6.6%

• Ubiquiti Inc. announced strong financial results for the third quarter of fiscal 2024, including revenues of $493.0 million and higher-than-expected GAAP and non-GAAP diluted EPS.
• The Company's Board of Directors declared a $0.60 per share cash dividend, potentially enhancing investor confidence in the stock.
• The robust financial performance and dividend declaration likely contributed to increased buying interest in UI stock, resulting in its bullish movement for the day.

13.01.2024 - UI Stock was up 9.7%

• In their Q2 earnings, Ubiquiti (UI) reported a contraction in their top-line, with revenues declining compared to the previous year. However, despite this, the stock exhibited bullish momentum. Several factors could be attributed to this:
• The market could have reacted positively because Ubiquiti's actual earnings and revenue were slightly better than expected, surpassing estimates by a small margin.
• The announcement of a cash dividend by the company's Board of Directors might have also contributed to the bullish movement, signaling confidence in the company's financial stability.
• Despite the decrease in revenues, investors may have found value in Ubiquiti's non-GAAP diluted EPS of $1.38, which exceeded expectations.
• The absence of any significant negative developments or concerns in the public domain might have bolstered investor optimism regarding Ubiquiti's future prospects.
• Overall, despite experiencing a decline in revenues, the stock demonstrated a bullish movement, potentially influenced by better-than-expected earnings, the announcement of a cash dividend, and positive sentiment regarding the company's future.

11.06.2024 - UI Stock was up 5.7%

• The bullish movement in the stock of UI could be attributed to the positive industry comparison and evaluation of Cisco Systems against its competitors in the Communications Equipment sector.
• Investors may have reacted favorably to the insights, which highlighted Cisco's leading market shares in networking hardware and software, cybersecurity solutions, and collaboration tools.
• The comprehensive analysis of key financial metrics, market standing, and growth prospects may have instilled confidence in investors, leading to increased buying activity and driving the stock price higher.
• Overall, the focus on Cisco Systems' industry dominance and diverse product portfolio likely contributed to the bullish market movement observed in the stock of UI.