from moneyflowindex dot org Ubiquiti Networks, Inc. (NASDAQ:UBNT) dropped -0.09% or -0.03 points to trade at $34 per share. As per the latest trading data available, the net money flow stood at $0.54 million as the shares received $1.96 million in upticks and gave away $1.41 million in downticks. The final up/down ratio was at 1.38. On a weekly basis, the stock has appreciated by 0.71%.
Ubiquiti Networks, Inc. (NASDAQ:UBNT) ensharesed a rise of 17% or 1,648,146 shares in the short positions. The number escalated from 9,679,233 on July 31,2015 to 11,327,379 on August 14,2015. The final interest is 37.3% of the floated stock.
my take is they sandbagged guidance last quarter and beat earnings but slightly missed revenue. not good. However next quarter's guidance is solid, and if Pera can be believed, execution and product mix should help. From a stock standpoint, we made a very similar recovery as the day after last quarter, even going green for a while today. Bottom line is that the future looks better than the past and the stock is about 8% above last quarter, something that the broad market does not share. There may not be much money to be made either side short term, but I would think that the shorts will need the market to help their case. A new product announcement (even something simple like getting the Air Max AC line to work with old AirMax legacy would be huge. that might just be firmware engineering).
whether he's right on the math or not, his prediction of sub 30 certainly appears to be. I'm already seeing premarket trades of 29 flat. I listened to the Q and A. Pera seemed deflated. "sloppy execution" mentioned several times across multiple product lines. AC, Phones, Video. It does raise a glimmer of hope that if they can get it right this thing could run, but getting frustrating with the snail pace of meaningful growth.
More generic than anything. Another wireless equipment provider whose stock has been flat to beat down had a good quarter and the stock is up 20%. Perhaps one could infer that the sector as a whole is not disappointing this quarter as much as the shorts had hoped. A 1 day 20% rise post earnings for UBNT would be about 6 bucks..... :)
From a sales release last week:
Previously available only on security gateways priced from $10,000 to more than $100,000, Deep Packet Inspection (DPI) is now available from Ubiquiti Networks. Introducing DPI technology for the mainstream market with the latest software release (v1.7.0) for the EdgeRouter™ Lite, EdgeRouter PoE, EdgeRouter, and EdgeRouter PRO.
DPI is more advanced than conventional Stateful Packet Inspection (SPI) filtering. Ubiquiti’s proprietary DPI engine includes the latest application identification signatures to track which applications (and IP addresses) are using the most bandwidth.
DPI at no extra charge – no licensing fees for DPI or signature updates.
yeah, it's frustrating to make a 6 month high on no news and then a week 6 day low 2 days later on no news.
well I guess they didn't know it Monday Tuesday or Wednesday of last week when the volume was higher higher and it was on an uptrend.
Not only home/rooftop, but think about the support of their existing wireless. Biggest hassle of pt to pt links is power. If you could deploy a self sustaining solar/battery power source that could keep a link in place, it opens all kind of deployment opportunities for areas previously thought untenable. Anything from 3rd world wifi, to neighborhood entrance cameras
nice, but that doesn't account for the runup last week prior to options expiration. Short holders may have been equally nervous, yet the stock kept rising. All prior to earnings release. Now the buyers are backing off. I would venture if it holds 33, we might see a reversal. 33 had served as the peak for the last 6 months only touching it a couple of times for brief periods
very frustrating because it looked to be gaining so much strength. Only thing I can fathom is perhaps options expiration Friday might have contributed to some of the short term movement. As ugly as last 2 days are, we're back to where we were about a week ago, and holding 33 was a major accomplishment
You're correct about wireless and routers, incorrect about security cameras. That's my business and unfortunately they are not price nor feature disruptive (unless you're comparing them only to folks like Trendnet. If they were I would be selling the heck out of them because I'm all in on UBNT as a stock.
I do like the previous post about some new trademark/patent applications: solar, media streaming, and home automation look delicious. I hope there is opportunity for price disruption is in those niches. Not much room in media to get under a $30 Chromecast for example.
first 2 weeks, steady at this level, not moving much either direction other than that 3 day break out above 33.. last 2 weeks, we've only been able to hold in this range 32.50-33 for about an hour or so mid day and can't sustain it over night. Maybe with greece and china settling down a tad, we can push back through
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.