Ubiquiti Networks Inc. (Nasdaq: UBNT) reported sharply higher third quarter revenue and earnings of 50 cents per diluted share compared with 23 cents per diluted share in the year ago period but the company forecast current quarter revenue below estimates. The stock price plummeted $9.99 to close at $31.38.
Ubiquiti Networks' Forecast Falls Short
May 09, 2014 at 17:17 PM EDT
