U.S. Markets open in 8 hrs 4 mins

Ubiquiti Networks, Inc. (UBNT)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
Add to watchlist
50.75+0.13 (+0.27%)
At close: 4:00PM EDT
People also watch
VEEVANETGIMOBOFISPLK
  • k
    kingmr0120
    kingmr0120
    * Ubiquiti Networks Inc (UBNT) - ‍expects its revenues for its fiscal quarter ending September 30, 2017 to range between $240 million and $250 million - SEC filing
    * Ubiquiti Networks Inc (UBNT) - ‍on September 18, board of directors of company approved an additional $100 million stock repurchase program
    * Ubiquiti Networks Inc (UBNT) - ‍new repurchase program expires on September 30, 2018
  • m
    mickey
    mickey
    Pera went to the same school as me, UCSD. He was well regarded for the Ubiquity startup. Pera is not a #$%$. He is just not some big business CEO type. The company has been run with minimal overhead which destroys profit. Anyone here who doesn't understand what overhead can do, has a lot to learn. Pera understands it and the insidious nature of overhead which becomes so engrained that it's invisible. Netgear and Cisco are typical corporate behemoths literally drowning in overhead. I worked for Boeing for a long time and there was only token effort to control overhead. Overhead budget pools were so large that I personally conducted multi million dollar wind tunnel tests and charged them off completely to overhead.The sad part of all of this is that corporate America is virtually all hoax and Pera and Ubiquity make them look bad so they're the villains
  • S
    Smerk
    Smerk
    They are saying that the real fraud is that their execution is unreal. I have personally dealt with UBNT and they are quick, nimble, do things fast, and the culture is full of very smart efficient driven people. On top of that there products are disruptive - they are great products, amazingly designed, and are cheaper than the competition.
  • r
    randy
    randy
    Speaking of not making any sense: Why no response from Pera or the board to any of the charges made by Citron. If the numbers speak for themselves, present them. Particularly interested how cash overseas can be larger than US cash when most of the sales are in US but the manufacturing costs are overseas. It is not obvious on its face, say something.
  • A
    Anonymous
    Anonymous
    Interesting remarks from Left's Wikipedia profile: Left's first job was with Universal Commodity Corp, a high-pressure commodities brokerage firm that hired salespeople to make cold calls and push "questionable investments."[8] Left quit in March 1994, after 9 months with the company. When the National Futures Association sanctioned the firm in December 1998, Left, along with every other former employee, was sanctioned for three years along with being required to take an ethics-training course as part of the probe into the firm for making false statements to sell commodity futures contracts.[10] The National Futures Association stated Mr. Left “made false and misleading statements to cheat, defraud or deceive a customer in violation of NFA compliance rules.” [11]
  • A
    Anonymous
    Anonymous
    The reason Pera doesn't go on CNBC is simple. Just do a search for:

    Jim Cramer on Jon Stewart

    Jim Cramer talks about how to manipulate a stock

    Then go to the website Deep Capture, run by the CEO of Overstock, and learn about how CNBC is in cohoots with all these guys. How else do you think Left gets on CNBC?

    Oh yeah, Patrick Byrne won a $5 million lawsuit against David Rocker a short who spouted nonsense like Andrew Left.
  • A
    A
    A
    must be nice to go short and then use CNBC as a platform to bash a stock. nothing in their presentation points to anything new. the latest financials were audited by accredited accounting firms and with unqualified opinions. so, who do you believe - a firm with a stated short position or an impartial top accounting firm which stands to lose a tremendous amount of credibility if they miss a supposed fraud this large?
  • A
    Anonymous
    Anonymous
    It's comical in the interview on CNBC. Left says "it's not plausible" that Ubiquiti is "beating the pants off Cisco". Well, if he had any credibility he could just go to the Dell'Oro Group, an independent tech market research firm, and but their research and thus discover that, indeed, Ubiquiti is beating the pants off Cisco. What motivation does Dell'Oro have to lie?
  • A
    Anonymous
    Anonymous
    Anyone watch the CNBC video? Wopner and Cramer made it look like there was only one fraud and that just may be Left. I think his days are numbered with getting on CNBC. I kinda think Ubiquiti has grounds to sue him. Shrill midget.
  • A
    Anonymous
    Anonymous
    Hey Left, loved your Chemours call on June 2, 2016 at $8.86. Stock is now $51.40. Nice call you shrill midget.
  • S
    Small Investor
    Small Investor
    I have held the shares for over two years and did not sell when it went down in the mid twenty’s. I did sell at 67 but have been buying back slowly with my last major purchase at $54.50. There is a huge vested short community that would do anything to drive the price down to cash in on the momentum. I do not think citron has a short position but they are most likely being used to help the other shorts. Why do I have so much confidence? If you look at the mutual funds that are holding that this company amongst them is Akre holding. Check out the performance of the AKREX. This guy is a very savvy investor and he has been buying the stock in the low thirties. Normally, I highly respect shorts and am very careful to go against tehm. But I know this business model and they have a significant competitive advantage. Right now, the stock is selling at a bargain basement price.
  • A
    Anonymous
    Anonymous
    Loved Citron's call on Mobileye with a Target price of $11. Taken out by Intel at $63. He's just another shrill midget.
  • M
    M.
    M.
    Big selloff today, has been weak for the last several weeks, does someone know something
  • S
    SmartNfunny
    SmartNfunny
    This is from Wikipedia About Andrew Left, owner of Citron Research, A Research blog for short sellers.
    In 2016, the Hong Kong Securities and Futures Commission accused Left of spreading false and misleading information about Evergrande Real Estate Group Ltd. The trial marks the first legal action of the Securities and Futures Commission against a short seller with ramifications for free speech, according to the judge. Left had been researching Evergrande since 2012 when he received papers from an anonymous whistleblower, and claimed they were insolvent and the chairman's credentials were false.[15] Later in 2016 A Hong Kong tribunal banned Andrew Left from trading for five years after publishing “false and/or misleading” claims about China Evergrande Group. Left was ordered to repay HK$1.6 million in trading profits, pay about HK$4 million in legal expenses, and face criminal prosecution if he breaks Hong Kong rules again.[42]
  • A
    Anonymous
    Anonymous
    Could shareholders initiate a class action against Andrew Left and his cronies? Clearly there was a bear raid on the stock before he "published" his short non-thesis. Its clearly not a fraud. Might be fun.
  • A
    Anonymous
    Anonymous
    Hey Left, loved your Chemours call on June 2, 2016 at $8.86. You called it a bankruptcy waiting to happen. The stock is now $51.40 or up 400%+. Nice call. He is just another shrill midget.
  • S
    SmartNfunny
    SmartNfunny
    Why is the company not going on CNBC and defending the company? Cramer made some wishy washy comments about UBNT & the Citron Research , a tool of Andrew left's Short selling activities , comment putting out a hit piece without any real details.
  • B
    Brian
    Brian

    https://youtu.be/QHxGWALMvxA

    Painful to watch. What a Goofball.

    Ubiquiti Networks CEO Robert J. Pera speech at NCTU in Taiwan Part 2(English)
    We are honored to welcome Ubiquiti Networks CEO - Robert J. Pera coming for speech, This speech started at 2017/9/13 in the NCTU(National Chiao Tung Universi...
    youtu.be
  • m
    mark
    mark
    this guy is out of control. Ubiquiti is a great product for far less than the competition. To call them a fraud is a rediculous accusation.
  • M
    MrHahaha
    MrHahaha
    The silver lining here is this clown is screaming all the positives about Ubnt but he’s calling them red flags and proof of fraud. Did the shorts just shoot themselves in the foot? There will be a point when all will realize the truth and want a piece of the good thing. Growth by “word of mouth” is the company’s marketing strategy. We’ll everybody’s talking .