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4-Traders Homepage  >  Equities  >  Nasdaq  >  Ubiquiti Networks Inc    UBNT

UBIQUITI NETWORKS INC (UBNT)
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UBIQUITI NETWORKS, INC. : Other Events (form 8-K)

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03/13/2018 | 06:30pm CEST

Item 8.01 Other Events.

On November 8, 2017, the Board of Directors (the "Board") of Ubiquiti Networks, Inc. (the "Company") approved a $50 million stock repurchase program (the "November Program"). On February 6, 2018, the Board approved an additional $150 million stock repurchase program (the "February Program", together with the November Program, the "Prior Programs"). As of March 12, 2018, the Company had $7,241,024.28 available under the Prior Programs.

On March 13, 2018, the Board approved a new $200 million stock repurchase program (the "New Program"). Under the New Program, the Company may repurchase up to $200 million of its common stock. The New Program expires on June 30, 2019. As part of the New Program, shares may be purchased from time to time, depending upon market conditions, in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Exchange Act. The timing, manner, price and amount of any repurchases will be determined in the Company's discretion and the New Program may be suspended, terminated or modified at any time for any reason. The New Program does not obligate the Company to acquire any specific number of shares, and all open market repurchases will be made in accordance with Rule 10b-18 of the Exchange Act, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases.

© Edgar Online, source Glimpses

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Financials ($)
Sales 2018 1 003 M
EBIT 2018 330 M
Net income 2018 195 M
Finance 2018 241 M
Yield 2018 -
P/E ratio 2018 32,34
P/E ratio 2019 19,31
EV / Sales 2018 6,12x
EV / Sales 2019 5,55x
Capitalization 6 378 M
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Ubiquiti Networks Inc Technical Analysis Chart | UBNT | US90347A1007 | 4-Traders
Technical analysis trends UBIQUITI NETWORKS INC
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Sell
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Mean consensus HOLD
Number of Analysts 5
Average target price 64,9 $
Spread / Average Target -25%
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Managers
NameTitle
Robert J. Pera Chairman & Chief Executive Officer
Hartley Nisenbaum CFO, EVP-Operations & Legal Affairs
John R. Sanford Chief Technology Officer
Ronald A. Sege Independent Director
Rafael Torres Independent Director
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