ubiquiti networks inc (UBNT) Key Developments
Ubiquiti Networks, Inc. Announces Executive Changes
Apr 23 15
Ubiquiti Networks, Inc. announced that Craig L. Foster, the company's Chief Financial Officer and member of the company's Board of Directors, has resigned to accept a position with another company. Hartley Nisenbaum, Executive Vice President of Operations and Legal Affairs, has been appointed as the company's interim Chief Financial Officer. Mr. Foster's duties as principal financial officer and principal accounting officer will be performed on an interim basis by Rohit Chakravarthy, Vice President of Finance and Corporate Controller, who has also been appointed as the company's Chief Accounting Officer.
Ubiquiti Networks, Inc. Revised Earnings Outlook for the Third Quarter of Fiscal Year 2015
Apr 23 15
Ubiquiti Networks, Inc. revised earnings outlook for the third quarter of fiscal year 2015. For the period, the company now expects revenues of $147.5 million, earnings of $0.46 per share and adjusted earnings of $0.47 per share. On February 5, the company had provided its initial third quarter outlook, which called for revenue of $146 million to $158 million, earnings of $0.44 to $0.49 per share and adjusted earnings of $0.45 to $0.50 per share.
Ubiquiti Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2015
Feb 5 15
Ubiquiti Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported net income was $46,265,000 or $0.52 per diluted share on revenues of $153,137,000 against net income of $41,792,000 or $0.47 per diluted share on revenues of $138,439,000 a year ago. Income from operations was $50,723,000 compared to $47,120,000 a year ago. Income before provision for income taxes was $50,740,000 compared to $46,871,000 a year ago. Non-GAAP net income was $47,124,000 or $0.53 per diluted share compared to non-GAAP net income of $42,645,000 or $0.48 per diluted share a year ago.
For the six months, the company reported net income was $84,008,000 or $0.94 per diluted share on revenues of $303,224,000 against net income of $82,320,000 or $0.92 per diluted share on revenues of $268,126,000 a year ago. Income from operations was $94,357,000 compared to $93,016,000 a year ago. Income before provision for income taxes was $94,316,000 compared to $92,521,000 a year ago. Non-GAAP net income was $90,530,000 or $1.01 per diluted share compared to non-GAAP net income of $83,873,000 or $0.94 per diluted share a year ago. Net cash provided by operating activities was $32.7 million. CapEx was $4.9 million.
For the third quarter of fiscal 2015, the company expects revenues of between $146 million and $158 million, GAAP Diluted EPS of between $0.44 and $0.49 and Non-GAAP Diluted EPS of between $0.45 and $0.50.
Ubiquiti Networks Announces airFiber(R) X
Feb 4 15
Ubiquiti Networks, Inc. announced a revolutionary new platform for the global last-mile wireless industry named airFiber X. Purpose-built from the ground up, airFiber X is a ruggedized outdoor Point-to-Point radio platform designed for the global unlicensed frequency bands. With expected range exceeding 200km+, throughput of 500Mbps+, and a $399 MSRP, airFiberX effectively democratizes true long-range, carrier-class, backhaul technology for the world. Powered by Ubiquiti's Invictus proprietary ASIC, airFiber X is capable of virtually unlimited packet processing, hybrid division duplexing (HDD) for ultra-low-latency, split variable channel width operation for noise immunity, and GPS synchronization for co-location deployments. In addition, the radio's physical footprint measures just 8cm x 21cm, greatly simplifying deployments.
Ubiquiti Networks, Inc. to Report Q2, 2015 Results on Feb 05, 2015
Jan 14 15
Ubiquiti Networks, Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Feb 05, 2015