Earlier, the company said it has initiated a new stock repurchase program authorizing the company to repurchase up to $500M of its common stock. Shares of Ubiquity are up about 20% to $470 in morning trading.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UI: