Ubiquiti Reports Non-GAAP EPS of $1.65 and Revenue of $457.8M
May 6, 2023
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Ubiquiti Inc ($NYSE:UI) (NASDAQ: UBNT) reported first quarter earnings that exceeded Wall Street’s expectations, with non-GAAP earnings per share of $1.65 and revenue of $457.8 million. Ubiquiti is a multinational technology company that develops, manufactures, and sells networking products, software, and technology solutions. Its products are used for networking, broadband access, cloud, voice, video, and security applications. The strong first quarter results demonstrate Ubiquiti’s ability to continue to offer innovative products and services to meet the changing needs of its customers.
The company continues to invest in strategic initiatives like cloud management platforms, mobile applications, and customer-focused services to further strengthen its customer base and extend its reach into new markets. With its expanding customer base and steady growth trajectory, Ubiquiti is well positioned to capitalize on future opportunities.
Market Price
On Friday, Ubiquiti Inc., a communications technology company, reported non-GAAP earnings per share of $1.65 and total revenue of $457.8 million. However, despite these promising figures, the company’s stock still opened at $219.8 and closed at $201.6, dropping 9.4% from its last closing price of $222.5. The decline in stock price could be attributed to investors’ reaction to the company’s profitability or other factors such as market volatility. Regardless, Ubiquiti Inc. continues to experience tremendous growth and its long-term outlook remains optimistic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ubiquiti Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.79k | 348.25 | 19.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ubiquiti Inc. More…
| Operations | Investing | Financing |
| 176.47 | -18.1 | -211.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ubiquiti Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 1.52k | -4.1 |
Key Ratios Snapshot
Some of the financial key ratios for Ubiquiti Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.2% | 0.5% | 24.7% |
| FCF Margin | ROE | ROA |
| 8.7% | -96.4% | 21.8% |
Analysis
At GoodWhale, we’ve conducted a thorough analysis of UBIQUITI INC‘s wellbeing. After evaluating the financial and business aspects, we’ve concluded that UBIQUITI INC is a medium risk investment. We’ve also detected two risk warnings in their income sheet and balance sheet. If you’d like to see this information for yourself, become a registered user on our site. With access to our detailed reports, you’ll be able to make an informed decision about investing in UBIQUITI INC. More…
Peers
The company offers its services to residential, business and government customers in more than 140 countries. Ubiquiti has a strong presence in the Americas, Europe, Asia-Pacific and Africa. The company’s main competitors are Ceragon Networks Ltd, Eutelsat Communications and Saf Tehnika.
– Ceragon Networks Ltd ($NASDAQ:CRNT)
Ceragon Networks Ltd is a leading global provider of wireless backhaul solutions that enable mobile operators and other wireless service providers to deliver voice and data services. The company’s solutions are based on its proprietary IP-based wireless technology and are designed to meet the challenges of the most demanding backhaul applications. Ceragon’s solutions have been deployed in more than 150 countries and support over 2,000 customers, including many of the world’s largest mobile operators.
– Eutelsat Communications ($OTCPK:EUTLF)
Eutelsat Communications is a leading satellite operator, providing reliable and secure satellite-based connectivity to fixed and mobile customers around the world. The company has a market cap of 2.29B as of 2022 and a Return on Equity of 9.77%. Eutelsat Communications is headquartered in Paris, France.
– Saf Tehnika ($BER:VTZ)
Saf Tehnika is a publicly traded company with a market capitalization of $38.02 million as of 2022. The company has a return on equity of 29.08%. Saf Tehnika is a provider of critical communications solutions for mission-critical applications in government, defense, public safety, and utility markets worldwide. The company’s products and solutions are used by customers in more than 100 countries.
Summary
UBIQUITI INC recently reported their Non-GAAP earnings of $1.65 per share and a revenue of $457.8 million. Despite the positive financials, the stock price dropped on the same day. This could be due to higher than expected competition and pressure to reduce margins. Investors should consider further investigating the competition in the space, as well as the pricing strategies of UBIQUITI INC, before making any investment decisions.
Additionally, analysts will be looking to see if UBIQUITI INC can increase its revenue growth, or if its current strategy of reducing margins will be enough to generate a profit. Finally, risk management strategies should be considered as well, as any missteps have the potential to have a disproportionately large effect on the stock price.
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