Looks to be getting hammered in the pre-market today.
Does anyone have any news?
I did not find anything.
Regards,
A.J.
1 Like
SEC inquiry.
Yup down -21 now. Question of whether it’s a buying opportunity or not. Likely to overhang the stock for a while.
Rob
On February 13, 2018, the Securities and Exchange Commission (the “SEC”) issued subpoenas to Ubiquiti Networks, Inc. (the “Company”) and certain of the Company’s officers requesting documents and information relating to a range of topics, including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties. The Company is in the process of responding to the requests and intends to cooperate fully with the SEC.
http://archive.fast-edgar.com//20180220/AGA2222CZ222ITZ2222Q…
Denny Schlesinger
3 Likes