Ubiquiti Inc. (UI) shares plunged 13.59 percent to $799.55, down $127.14 on Friday, despite the company reporting higher third-quarter earnings and revenue compared with last year.
Ubiquiti stock opened at $870.00 after closing previously at $926.69 on the New York Stock Exchange. The shares traded between $791.31 and $901.86 during the session, with volume reaching 148,620 shares, compared with the average daily volume of 98,974 shares.
The networking technology company posted earnings of $233.91 million, or $3.86 per share, compared with $180.44 million, or $2.98 per share, in the prior-year quarter. Adjusted earnings came in at $235.1 million, or $3.88 per share. Revenue rose 18.7 percent to $788.19 million from $664.17 million a year earlier.
The stock has traded between $362.29 and $1,099.99 over the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.