hmm, replied to your post but it got deleted. I had cut and pasted the last 2 weeks.volume and it's gotten much heavier recently. But it's frustrating to see the early am 5-10 minute skyrocket and then bleed it back the rest of the day. Been doing that a lot lately.
and save 2 days back in December it's a 6 month high....
We have yet to see the shorts panic. I'm liking some of the quick gap ups. Lowered guidance to sandbag level and the stock is at about a 6 month high.
Now almost 38% of the float
Ubiquiti Networks, Inc. (NASDAQ:UBNT) has witnessed a rise of 8.7% or 806,465 shares in its short figure. The short interest augmentation took it from 9,254,860 on April 30,2015 to 10,061,325 on May 15,2015. In terms of floated shares, the short interest was calculated to be 37.7%.
feel pretty sure the market makers are going to keep this pegged around 30 to allow all those options to expire worthless. But, next week on the other hand.....
Seems like over the last 6 months or so, those rare UBNT big up spikes that were so enjoyable in 2013 have been followed by a selloff rather than bullish follow through. Would love to see it open gap up or drop a little and then spike up again. Might see some shorts really start to lose confidence.
Yeah, and it just made a 4 day high I believe. I still have to think this thing is a coiled spring with the exceptional growth in new products and North America. But I've been saying this for 3 quarters now. It's going to finally have to show through on the results. He low balled for this quarter and that's starting to look very positive if the market has accepted that as it appears.
Look out shorts if this thing goes positve
Maybe we will get some support, cause there will be some bargains this morning. Only have about 3 weeks to use it.
From the 10Q:
Common Stock Repurchases
On May 29, 2014, the Company announced that its Board of Directors authorized the Company to repurchase up to $75.0 million of its common stock. The share repurchase program commenced June 2, 2014 and will expire after one year. The Company did not repurchase any shares of its common stock during the three months ended March 31, 2015. During the nine months ended March 31, 2015, the company repurchased 529,779 shares of its common stock at an average price per share of $28.29 for an aggregate amount of $15.0 million. As of March 31, 2015, the share repurchases under the repurchase program were funded from cash on hand. The Company has approximately $60.0 million remaining for common stock repurchases under the repurchase plan
ironically I got a phone call right when the last question was being asked. I just listen to the end of the conference call and I didn't think it was bad at all. the analyst made some good points Pera said no comment on the buyback the analyst pressed as he should have, and Pera said you make some good points, what do you think? the analyst that I think you should use cash for the buy back in Paris said I'll take it under consideration.
this bothers me. Didn't see it the first read
The following are Ubiquiti's financial performance estimates for the fourth quarter of fiscal 2015:
Revenues of between $140 million and $150 million
GAAP diluted EPS of $0.42 - $0.47
Non-GAAP diluted EPS of $0.43 - $0.48
Pretty soft guidance if you ask me
Just got an email that they shipped today and will arrive tomorrow. Much better inventory management of new products than in past. (Still waiting on my Android VOIP Phone)
Don't jump too soon. This could be some hedges trading a few shares between themselves. Plus the latest trade of 1482 shares was at $28.35