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Why Ubiquiti Stock Surged 25.1% in September

Key Points In fiscal Q4, Ubiquiti's year-over-year revenue surged 50% and its adjusted EPS soared 103%. The company also raised its quarterly dividend by 33% to 0.80pershare.Anditinitiatedanewstockrepurchaseprogramthatauthorizesittorepurchaseupto0.80 per share. And it initiated a new stock repurchase program that authorizes it to repurchase up to 500 million of its common stock. 10 stocks we like better than Ubiquiti › Shares of Ubiquiti (NYSE: UI), which makes wireless networking equipment and access points, jumped 25.1% in September, according to data from S&P Global Market I ...