Ubiquiti Q4 Earnings Beat, Iraq Weighs On Guidance
Ubiquiti Networks (UBNT) stock was up in early trading Friday after the wireless gear maker’s Q4 earnings topped views, though an analyst said Iraq weighed on the company’s in-line guidance. Ubiquiti was up 6.5% in early trading in the stock market today, near 42. Ubiquiti stock is down more than 25% since touching an all-time high above 56 on March 21. Ubiquiti has been on and off the IBD 50 of late, ranking No. 34 on Aug. 4 but falling off the