Ubiquiti Stock Plunges, Revenue Outlook Light

By | May 9, 2014

Scalper1 News

Ubiquiti Networks late Thursday reported fiscal Q3 profit and revenue above views, but its current quarter sales outlook disappointed amid a buildup in product inventory, sending shares plunging. Ubiquiti was down 21% in morning trading in the stock market today. San Jose, Calif.-based Ubiquiti, which sells wireless networking gear to rural, wireless Internet service providers (WISP) and large companies, said it earned 50 cents a share in fiscal Scalper1 News

Scalper1 News