Ubiquiti Networks Connects With Strong Earnings, Light Sales

Ubiquiti Networks (NASDAQ: UBNT) released fiscal fourth-quarter results on Friday morning, detailing continued strong growth from its enterprise technology segment that was partially offset by a modest decline from its smaller service-provider business. Ubiquiti also ramped up its share repurchases this quarter and approved a big new buyback after nearly exhausting its current authorization.

Still, the networking technology leader's top-line gains were smaller than many investors had hoped, leaving Ubiquiti shares down around 6% in the wake of the news. So let's take a closer look at what it accomplished over the past few months. 

IMAGE SOURCE: UBIQUITI NETWORKS.

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Source Fool.com