Could Ubiquiti Networks Inc Lose Strenght? Option Traders Don’t Think So

 Could Ubiquiti Networks Inc Lose Strenght? Option Traders Don't Think So

In today’s session Ubiquiti Networks Inc (UBNT) registered an unusually high (170) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious UBNT increase. With 170 contracts traded and 15504 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: UBNT161118C00055000 closed last at: $1.65 or 25% down. About 199,637 shares traded hands. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 59.18% since April 5, 2016 and is uptrending. It has outperformed by 57.22% the S&P500.

Ubiquiti Networks Inc (NASDAQ:UBNT) Ratings Coverage

Out of 8 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. $66 is the highest target while $14 is the lowest. The $35.20 average target is -35.21% below today’s ($54.33) stock price. Ubiquiti Networks Inc has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Sunday, August 9 by FBN Securities. The stock has “Hold” rating given by Deutsche Bank on Friday, August 7. The company was upgraded on Friday, February 5 by Raymond James. The company was downgraded on Friday, August 7 by Raymond James. The firm earned “Market Perform” rating on Friday, May 6 by BMO Capital Markets. The company was downgraded on Thursday, January 14 by Bernstein. The firm has “Hold” rating by Deutsche Bank given on Friday, August 7. The stock has “Hold” rating given by Wunderlich on Friday, August 7. The firm has “Mkt Perform” rating given on Friday, October 21 by JMP Securities. The firm has “Buy” rating by Wunderlich given 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 fall, 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.
The New York-based Blackrock has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Barclays Public Ltd accumulated 0% or 18,442 shares. Nationwide Fund Advisors has 17,060 shares for 0% of their US portfolio. Oxford Asset Mgmt holds 28,871 shares or 0.05% of its portfolio. Bancorp Of Montreal Can, a Ontario – Canada-based fund reported 23,080 shares. Quantitative Investment Mngmt Ltd Co last reported 30,500 shares in the company. Wellington Group Llp reported 175,862 shares or 0% of all its holdings. Moreover, Gotham Asset Mngmt Ltd Llc has 0.14% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 296,282 shares. Oppenheimer And accumulated 0.06% or 51,630 shares. Jacobs Levy Equity Mngmt last reported 0% of its portfolio in the stock. Group One Trading L P accumulated 54,174 shares or 0.02% of the stock. Fdx Advsrs Inc has invested 0.03% of its portfolio in Ubiquiti Networks Inc (NASDAQ:UBNT). Creative Planning holds 0% or 805 shares in its portfolio. Qs Investors Limited Liability Company last reported 49,300 shares in the company. Moreover, Lagoda Inv Mngmt Ltd Partnership has 4.12% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 286,137 shares.

Ubiquiti Networks, Inc. develops performance networking technology for service providers and enterprises. The company has a market cap of $4.46 billion. The Firm offers a portfolio of networking products and solutions. It has a 21.8 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. Rides UniFi Strength to Another Strong Quarter” on May 06, 2016, also Fool.com with their article: “Why Ubiquiti Networks Inc. Stock Soared Today” published on February 05, 2016, Marketwatch.com published: “Billionaire NBA owner Robert Pera’s plan to revolutionize home WiFi” on May 09, 2016. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Fool.com and their article: “Why Ubiquiti Networks, Inc. Stock Rose on Friday” published on August 08, 2016 as well as Globenewswire.com‘s news article titled: “Ubiquiti Networks Launches UniFi Mesh Technology” with publication date: November 01, 2016.

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