Ubiquiti Networks (NASDAQ:UBNT): Q1 EPS of $0.92 beats by $0.06 consensus estimate of $0.86.
Revenue of $245.9M (+20.1% Y/Y) beats by $10.38M.
Didn’t listen to call. Will be interesting to see the details.
MC
Long UBNT
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Chance of a short squeeze today? I guess we shall see. wouter28 seems to have been correct about them using up their full buy-back authorization…which apparently was completed by October 6th, at an average share price of $54.something.
Also initiated yet another 50 million in share repurchases!
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It looks like leaps ($40 & $50) are mis-priced. When the stock was way down, they fell quite a lot and did not come back up with the stock price.