Ubiquiti Networks Inc Can’t Be More Risky. Option Traders Sell It

 Ubiquiti Networks Inc Can't Be More Risky. Option Traders Sell It

In today’s session Ubiquiti Networks Inc (UBNT) recorded an unusually high (1,015) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious UBNT decrease. With 1,015 contracts traded and 784 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: UBNT161118P00055000 closed last at: $4.4 or 0% . About 65,978 shares traded hands. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 61.77% since March 3, 2016 and is uptrending. It has outperformed by 53.43% the S&P500.

Analysts await Ubiquiti Networks Inc (NASDAQ:UBNT) to report earnings on November, 3. They expect $0.65 earnings per share, up 30.00% or $0.15 from last year’s $0.5 per share. UBNT’s profit will be $53.44M for 20.82 P/E if the $0.65 EPS becomes a reality. After $0.69 actual earnings per share reported by Ubiquiti Networks Inc for the previous quarter, Wall Street now forecasts -5.80% negative EPS growth.

Ubiquiti Networks Inc (NASDAQ:UBNT) Ratings Coverage

Out of 8 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 13% are positive. Ubiquiti Networks Inc has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Underperform” on Friday, August 7. The stock has “Buy” rating given by Wunderlich on Friday, August 5. The firm has “Buy” rating given on Friday, February 5 by Wunderlich. On Sunday, August 9 the stock rating was maintained by FBN Securities with “Buy”. The rating was upgraded by BMO Capital Markets to “Market Perform” on Friday, May 6. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Mkt Perform” rating given on Thursday, January 14 by Bernstein. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, October 20. The company was downgraded on Friday, August 7 by Wunderlich. The company was maintained on Friday, August 7 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7.

According to Zacks Investment Research, “Ubiquiti Networks, Inc. is engaged in the business of designing, manufacturing and selling broadband wireless solutions worldwide. Its products and solutions include radios, antennas and management tools and other applications in the unlicensed radio frequency spectrum. Ubiquiti Networks, Inc. is headquartered in San Jose, California.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.31, from 1.34 in 2016Q1. The ratio dropped, as 19 funds sold all Ubiquiti Networks Inc shares owned while 51 reduced positions. 29 funds bought stakes while 43 increased positions. They now own 24.23 million shares or 11.14% less from 27.26 million shares in 2016Q1.
Blackrock Fund Advsr last reported 0.01% of its portfolio in the stock. Old Natl Retail Bank In accumulated 11,259 shares or 0.02% of the stock. Woodstock last reported 11,863 shares in the company. Moreover, Glenmede Na has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 700 shares. Geode Capital Management Ltd Liability accumulated 0% or 198,680 shares. Ahl Partners Limited Liability Partnership holds 0.05% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT) for 23,870 shares. M&T Natl Bank Corp has 5,461 shares for 0% of their US portfolio. Engineers Gate Manager Lp holds 52,676 shares or 0.15% of its portfolio. Bnp Paribas Arbitrage last reported 1,007 shares in the company. Moreover, Invesco has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 70,711 shares. First Advisors L P has 22,198 shares for 0% of their US portfolio. Lpl Ltd Liability Corp holds 6,520 shares or 0% of its portfolio. Federated Investors Pa reported 29,126 shares or 0% of all its holdings. Blackrock has invested 0% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT). Manufacturers Life The last reported 0% of its portfolio in the stock.

Ubiquiti Networks, Inc. develops performance networking technology for service providers and enterprises. The company has a market cap of $4.45 billion. The Firm offers a portfolio of networking products and solutions. It has a 21.72 P/E ratio. The Company’s service well-known provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

UBNT Company Profile

Ubiquiti Networks, Inc., incorporated on June 24, 2010, develops performance networking technology for service providers and enterprises. The Firm offers a portfolio of networking products and solutions. The Company’s service well-known provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Company’s enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. The Company’s products and solutions include radios, antennas, software, communications protocols and management tools that are designed to deliver carrier and enterprise class wireless broadband access and other services primarily in the unlicensed radio frequency (RF) spectrum. The Company’s service well-known provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX, Point-to-point Wireless Backhaul-airFiber and Solar Platform-sunMAX. The Company’s enterprise solutions include Enterprise WLAN-UniFi, Video Surveillance-UniFi Video, UniFi Switch, UniFi Security Gateway and Machine-To-Machine Communication-mFi.

More notable recent Ubiquiti Networks Inc (NASDAQ:UBNT) news were published by: Marketwatch.com which released: “Ubiquiti Networks scammed out of $46.7 million” on August 07, 2015, also Fool.com with their article: “Ubiquiti Networks Inc. Rides UniFi Strength to Another Strong Quarter” published on May 06, 2016, Fool.com published: “Why Ubiquiti Networks Inc. Stock Soared Today” on February 05, 2016. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Fool.com and their article: “Ubiquiti Networks Inc. Reports Meager Growth” published on November 09, 2015 as well as Fool.com‘s news article titled: “Why Ubiquiti Networks Inc. Jumped on Friday” with publication date: November 06, 2015.

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