Ubiquiti Networks Inc Unusual Bearish Options Activity Means Higher Risks

 Ubiquiti Networks Inc Unusual Bearish Options Activity Means Higher Risks

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 October, 2016 put, expecting serious UBNT decrease. With 1,015 contracts traded and 21134 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: UBNT161021P00055000 closed last at: $6 or 17.6% up. About 202,087 shares traded hands. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 55.01% since March 14, 2016 and is uptrending. It has outperformed by 49.40% 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 $52.89 million for 19.10 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. FBN Securities maintained the stock with “Buy” rating in Sunday, August 9 report. On Monday, September 21 the stock rating was downgraded by BMO Capital Markets to “Underperform”. Raymond James upgraded the shares of UBNT in a report on Friday, February 5 to “Mkt Perform” rating. Wunderlich downgraded it to “Hold” rating and $36 target price in Friday, August 7 report. Morgan Stanley downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) rating on Tuesday, October 20. Morgan Stanley has “Underweight” rating and $14 price target. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Hold” rating given on Friday, August 7 by Deutsche Bank. The rating was downgraded by JMP Securities to “Mkt Underperform” on Monday, October 19. As per Thursday, January 14, the company rating was downgraded by Bernstein. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) earned “Buy” rating by Zacks on Thursday, August 13. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) earned “Buy” rating by Wunderlich on Friday, February 5.

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 2016 Q2. Its down 0.31, from 1.34 in 2016Q1. The ratio turned negative, 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.
Tiaa Cref Invest Management Limited Liability holds 0% or 84,025 shares in its portfolio. Dupont Capital Mgmt owns 26,518 shares or 0.02% of their US portfolio. Alps has 12,680 shares for 0% of their US portfolio. Wells Fargo Mn holds 0% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT) for 112,121 shares. The Ohio-based Fifth Third Natl Bank has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Royal Comml Bank Of Canada owns 32,793 shares or 0% of their US portfolio. Metropolitan Life Insur Commerce Ny last reported 0.01% of its portfolio in the stock. Lazard Asset Management Limited Co accumulated 0% or 4,237 shares. Pacad Invest reported 10,100 shares or 0.05% of all its holdings. California State Teachers Retirement Sys owns 54,421 shares or 0% of their US portfolio. Wellington Mngmt Gp Limited Liability Partnership accumulated 175,862 shares or 0% of the stock. The Connecticut-based Zebra Capital Mgmt Ltd Liability has invested 0.37% in Ubiquiti Networks Inc (NASDAQ:UBNT). Nationwide Fund holds 17,060 shares or 0% of its portfolio. Moreover, Goldman Sachs Group Inc Inc has 0% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 61,000 shares. Voya Inv Mgmt Ltd Llc, a Georgia-based fund reported 13,345 shares.

Ubiquiti Networks, Inc. develops performance networking technology for service providers and enterprises. The company has a market cap of $4.04 billion. The Firm offers a portfolio of networking products and solutions. It has a 19.92 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: Fool.com which released: “Ubiquiti Networks Inc. Reports Meager Growth” on November 09, 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: Forbes.com and their article: “Noteworthy Tuesday Option Activity: CELG, UBNT, TRIP” published on October 11, 2016 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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