Why Ubiquiti Stock Skyrocketed 55.8% in November

Shares of Ubiquiti (NYSE: UI) soared 55.8% in November, according to data from S&P Global Market Intelligence, after the networking technology company announced significantly stronger-than-expected fiscal first-quarter 2020 results.

To be sure, Ubiquiti stock popped 36% on Nov. 8, 2019, alone -- the first trading day after its quarterly update hit the wires.

IMAGE SOURCE: UBIQUITI.