- Ubiquiti Networks (UBNT) -6.6% reports preliminary Q4 results that beat EPS estimates but missed on revenue.
- Capital allocation: The board approves an up to $500M common stock buyback and a $0.30/share cash dividend payable on August 26 to shareholders of record on August 19. UBNT intends to pay dividends of at least $0.30/share after the close of each quarter in FY20.
- Move: UBNT will change its name to Ubiquiti and move from the NYSE to the Nasdaq under the ticker "UI", effective August 20.
- Press release.