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Ubiquiti Inc. (UI) Stock Soars 26% on Record Revenue and Buyback Plan
Ubiquiti Inc. (UI) Stock Soars 26% on Record Revenue and Buyback Plan
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BTCCSquare news:
Ubiquiti Inc. shares surged 26% to $492.18 following a stellar earnings report that showcased record revenue and aggressive capital returns. The company posted $759.2 million in Q4 revenue, a 14.3% quarterly increase, while full-year revenue jumped 33.4% to $2.6 billion. Enterprise Technology segment performance drove the gains, with gross margins expanding to 45.1% in Q4.
A $500 million buyback announcement and tax-related windfalls further buoyed investor sentiment. GAAP net income ROSE to $266.7 million, with earnings per share hitting $4.41. The rally reflects Ubiquiti's operational efficiency and strategic capital allocation in a challenging macro environment.
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