"Ubiquiti jumps after launching $75M buyback program • 10:47 AM
At current levels, Ubiquiti’s (UBNT +5.2%) buyback is good for repurchasing 2.4% of outstanding shares. The company had $292M in cash to pay for buybacks at the end of March, partly offset by $72M in debt.
The buyback comes after shares were crushed 3 weeks ago due to inventory and growth concerns that came in the wake of Ubiquiti’s FQ3 report."
From Seeking Alpha this morning