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Fly News Breaks for December 30, 2019
UI
Dec 30, 2019 | 13:43 EDT
BWS Financial analyst Hamed Khorsand noted that his checks indicate that Ubiquiti's UniFi Dream Machine multi-function device is currently sold out on the company's website and other distribution points, which he reads as a positive given that Ubiquiti had expanded its distribution to withstand product sell-outs. The analyst, who notes that Ubiquiti has been buying back more stock in addition to releasing several new products in the December quarter, keeps a Buy rating on the shares.
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