By Nate Wolf
Shares of Ubiquiti were spiking Friday after the network-technology company hiked its quarterly dividend, announced a new stock buyback program, and posted strong quarterly earnings.
The company reported adjusted earnings of $3.54 a share on revenue of $759 million for its fiscal fourth quarter. Revenue grew nearly 50% from the prior year, and the company's gross profit margin expanded to 45.1% from 40.2%.
Ubiquiti shares were rising 23% to $481.18 a share Friday. The stock has climbed over 140% in the last 12 months.
Beyond the impressive fourth-quarter earnings, two pieces of positive news helped lift the stock. First, the company's board approved a share repurchase program authorizing up to $500 million in buybacks. Second, the company declared its intent to pay quarterly dividends of at least 80 cents a share in fiscal 2026.
Ubiquiti had paid shareholders a dividend of 60 cents a share since September 2021.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
August 22, 2025 11:33 ET (15:33 GMT)
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