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Ubiquiti Inc. (UI)
NYSE - Nasdaq Real Time Price. Currency in USD
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At close: 04:00PM EDT
999 reactions on $UI conversation
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I don't expect things to turn around until the items on the unifi store change from sold out to buy.
I don't feel too good about this qtr with all the supply chain problems. Can't be good for UI
In the slump till 2024...stay healthy, and eat a lot of veggies
get ready to short this bad boy. ubiquiti has not filled any order with vendors since July of 2021. not a single vendor order has been filled. the company has been keeping customers money as an interest free loan, until the customers calls in and cancels the order ( almost a year later) . zero product coming out of China. if you don't have a product to sell you don't have a company. gl to all, this is going to single digits as soon as this news breaks
how is this down 10% on 5k shares?
Yahoo Finance Insights
Ubiquiti is down 5.27% to 273.98
Yahoo Finance Insights
Ubiquiti is down 9.36% to 250.00
I just want to weigh in as a user of Ubiquiti products. I looked up their stock after installing many routers and access points. I was very impressed with their technology, software, and prices. It looks like I am late to the stock, but will look for an entry point. Look out Cisco!
This was a blowout quarter that I frankly did not expect. I actually considered selling covered $145 calls on my position, but I am now glad I did not.
Surprisingly solid growth in North America as UI continues to take share in the "prosumer" market. I don't see a reason to trim my position now unless the stock reaches the $170 range.
Third Quarter Fiscal 2019 Financial Highlights
Revenues of $284.9 million, increasing 13.8% year-over-year
GAAP net income of $88.3 million and GAAP diluted EPS of $1.25
Non-GAAP net income of $88.9 million and non-GAAP diluted EPS of $1.26, increasing 28.6% year-over-year
The Company repurchased and retired 91,249 shares of common stock for $9.0 million at an average price of $98.63 per share during the third quarter fiscal 2019.
The Company has $178.2 million of availability remaining under the $200 million share repurchase program announced on November 9, 2018.
The Company's Board of Directors declared a $0.25 per share cash dividend payable on May 28, 2019 to shareholders of record at the close of business on May 20, 2019.
This looks overdone to me. Take a look at the earnings report and see for yourself. Revenue was up YoY, EPS up YoY, dividend declared as well. Their enterprise provider technology revenues were up substantially YoY (comparable quarters). Gross profit as a percent is higher while operating expenses were lower on a YoY basis. Income is up by all metrics.
I'm still holding my positions on this until we get a material change in direction. Good luck to all!
HiAlpha, you sound like Andrew Left, who took a short position a while back then accused UI of fraud. You need to look closer at the business model. They are not like other companies in the space and analysts don't seem to understand that, which has worked to my benefit since 2013. As an aside, I was happy to see left get crushed in the GME debacle.
Beat earnings by $0.12 and revenue by $37M. Stock is so undervalued right now, should be around $340 minimum.
Nothing has fundamentally changed today with this stock. UI continues to be a top performer, year-over-year. Last year we got 91% out of this stock. Month-over-month, we usually have 2-3 months where we trend sideways and/or down, and then this stock breaks out. It's happened every single time since 2012, when this stock first started trading. In 2017, we had 9 months of positive gains and only 3 months where we had a loss. In 2018 and 2019, we had 8 months of positive gains and therefore only 4 months where we had small losses. The compound annual growth rate for this stock since inception is 34.5%.
This drop today is an opportunity to add more if you're underweight. Otherwise, just hold. Earnings are upcoming in February, and we'll see what the 2020 guidance looks like.
Of 66M shares, Pera owns 57M, another 2M are short, and a new share buyback is likely to be announced in February. A know-nothing CS analyst opinion isn't enough to derail the built-in demand for UI shares going forward.
Pera repurchased over 234 000 shares below $300 last quarter...and he is not done...the one who will hold to the end, will be greatly rewarded
Yes, earnings come out tomorrow.
Anyone else curious about how the price shot up in after hours . Trading @ $320.00 a share.
Law firms are trying to utilize the free advertisement opportunity!!! I have seen couple of similar suing on other companies. Normally nothing happen after getting the free advertisement.
"We believe the sequential decline in revenues for the third quarter fiscal 2019 is primarily due to distributor ordering patterns and as described in the “Outlook” section below, we expect to achieve revenues for the fiscal year ending June 30, 2019 at the high end of the guidance range previously provided."
let's get real its run up big time. some anxious sellers to lock in profits I'm sure. not sure it's a sign of anything otherwise
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