UBNT stock is acting like Apple. Not much growth or diversification into new networking segments.
Basically, beating earnings by doing stock buybacks.
The risk/reward of owning the stock had become much less attractive.
Short interest is nearing 30%. Never seen a stock hated so much before. Institutions are dumping shares. Still no CFO. Look at their management page, it has 3 people listed.
Just like they guy that shows up with the hot babe at a craps table and bets on the don't pass while you are rolling . Somehow he ends up winning a lot of money and you head to the atm for more punishment.
Who is Pacific Crest anyways? I'm surprised this is still traded above $40 today after the NoPro announcement.