Why Ubiquiti Networks (UBNT) Stock Is Gaining Today

NEW YORK (TheStreet) -- Ubiquiti Networks (UBNT) was gaining 6.8% to $42.01 Friday after beating analysts' estimates for earnings and revenue in the fiscal fourth quarter.

For the fourth quarter Ubiquiti Networks reported earnings of 56 cents a share, beating the Capital IQ Consensus Estimate of 51 cents a share by 5 cents. Revenue grew 54.1% from the year-ago quarter to $156 million, above analysts' estimates of $151.03 million.

Looking to the fiscal first quarter Ubiquiti expects earnings of 52 cents to 54 cents a share, compared to analysts' expectations of 52 cents a share. The company expects revenue of $156 million to $161 million for the quarter, compared to analysts' estimates of $156.8 million.

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TheStreet Ratings team rates UBIQUITI NETWORKS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate UBIQUITI NETWORKS INC (UBNT) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."

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