11-11-2017, 12:41 PM
During the second quarter of fiscal 2018, the Company repurchased and retired 602,192 shares of its common stock at an average price per share of $57.28 for an aggregate amount of $34.5 million . As of October 6, 2017, there is no remaining balance available for share repurchases under the share repurchase programs approved by the Board of Directors in the first
Ubiquiti Networks, Inc. 10-Q Nov. 9, 2017 1:41 PM | Seeking Alpha
In fiscal 2017, we announced Ubiquiti Labs, a division focusing on research and development of consumer electronics and introduced a new consumer product platform, called AmpliFi, which is a Wi-Fi system solution designed to serve the demands of the modern connected home. AmpliFi is distributed through a network of retailers including Sam’s Club, Best Buy and Game Stop, as well as on-line retailers Amazon.com and Bestbuy.com among others. This division is focused on delivery of direct to consumer based solutions in an array of high technology products. FrontRow, a new platform for consumers, was launched in August 2017.
Ubiquiti Networks, Inc. 10-Q Nov. 9, 2017 1:41 PM | Seeking Alpha