Investors Purchase Large Volume of Call Options on Ubiquiti Networks (UBNT)

Ubiquiti Networks Inc (NASDAQ:UBNT) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 4,392 call options on the company. This represents an increase of approximately 1,207% compared to the typical volume of 336 call options.

Ubiquiti Networks (NASDAQ UBNT) opened at $56.61 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 10.00 and a current ratio of 10.94. The company has a market cap of $4,430.00, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.54 and a beta of 0.58. Ubiquiti Networks has a 12 month low of $45.71 and a 12 month high of $82.30.

Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. Ubiquiti Networks had a net margin of 15.73% and a return on equity of 47.42%. The company had revenue of $250.80 million during the quarter, compared to the consensus estimate of $239.89 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Ubiquiti Networks’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts expect that Ubiquiti Networks will post 1.93 EPS for the current year.

Ubiquiti Networks declared that its board has initiated a stock repurchase plan on Thursday, November 9th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts recently commented on the stock. Deutsche Bank boosted their target price on shares of Ubiquiti Networks from $47.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. TheStreet downgraded shares of Ubiquiti Networks from an “a” rating to a “c+” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Ubiquiti Networks from $60.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Friday, January 12th. Finally, ValuEngine upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the stock. Ubiquiti Networks currently has an average rating of “Hold” and a consensus price target of $65.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB acquired a new position in Ubiquiti Networks in the fourth quarter valued at $203,000. MetLife Investment Advisors LLC acquired a new position in Ubiquiti Networks in the fourth quarter valued at $762,000. Gotham Asset Management LLC acquired a new position in Ubiquiti Networks in the fourth quarter valued at $1,969,000. Raymond James & Associates acquired a new position in Ubiquiti Networks in the fourth quarter valued at $1,640,000. Finally, HPM Partners LLC acquired a new position in Ubiquiti Networks in the fourth quarter valued at $217,000. Institutional investors own 32.06% of the company’s stock.

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Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

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