Ubiquiti Shares Gain on Higher 1Q Profit, Revenue

By Connor HartShares of Ubiquiti climbed after the company reported sharply higher profit and revenue in the recent quarter.The stock rose 17%, to $599.88, on Friday. Shares are up nearly 6% year to date.The company before the bell reported a fiscal first-quarter profit of $320.5 million, or $5.29…