Ubiquiti Networks (UBNT) Tops Q1 EPS by 10c
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Ubiquiti Networks Reports Preliminary First Quarter Fiscal 2017 Financial Results
November 3, 2016 4:01 PM EDT~ Achieves Record Revenue and Earnings ~
SAN JOSE, Calif., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Ubiquiti Networks, Inc. (NASDAQ: UBNT) (Ubiquiti or the Company) today announced results for the first fiscal quarter of 2017, ended September 30, 2016.
First Quarter Fiscal 2017 Financial Summary
Revenues of $204.8 millionGAAP gross profit of $98.3 million and non-GAAP gross profit of $98.4 millionGAAP net income of $71.8 million and non-GAAP net income of $65.5 millionGAAP diluted EPS of $0.86 and non-GAAP diluted EPS of $0.79Cash of $573.6 million, up 32% year-over-year... MoreUbiquiti Networks Launches UniFi Mesh Technology
November 1, 2016 9:30 AM EDTSAN JOSE, Calif., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Ubiquiti Networks, Inc. (Nasdaq: UBNT) (Ubiquiti) is excited to announce UniFi Mesh technology a powerful multi-hop, self-healing mesh product line that now greatly expands the application use of Ubiquitis industry leading software-defined-networking (SDN) platform. Â UniFi Mesh technology now simplifies WiFi infrastructure deployments by enabling nearly unlimited application use including towns, stadiums, conference halls, and concert venues.
UniFi AC Mesh AP (UAP-AC-M) is available for pre-order for $99 MSRP and a five-pack at $480 MSRP (without PoE injectors). The UniFi AC Mesh AP features:
... More