UBNT - Ubiquiti Networks

[gjangal]

https://www.sec.gov/Archives/edgar/data/1511737/000151173719000007/exhibit991-12312018nex.htm

[rkbabang]

https://www.sec.gov/Archives/edgar/data/1511737/000151173719000007/exhibit991-12312018nex.htm

Another great quarter. Share buybacks at a good average price ($34.7 million at an average price of $97.31) and keeping dividend the same.

[chrispy]

Very impressive results

[chrispy]

Switching to NYSE listing, most likely because of the listing requirement. They also announced today 0.5b worth of shares to be repurchased which is about 1/3 of the float not owned by Pera

[rkbabang]

Another amazing quarter.  Stock way up today.
https://www.businesswire.com/news/home/20191108005150/en/Ubiquiti-Reports-Quarter-Fiscal-2020-Financial-Results

Revenues of $323.3 million, increasing 14.3% year-over-year
GAAP diluted EPS of $1.43, increasing 23.3% year-over-year
Non-GAAP diluted EPS of $1.44, increasing 23.1% year-over-year
Repurchased 3,635,534 shares of common stock at an average price of $114.49 per share during the quarter and an additional 995,495 shares of common stock at an average price of $120.11 subsequent to September 30, 2019

[chrispy]

Great quarter.

Pera does his own thing and it has worked. Long term shareholders have been rewarded.

[gjangal]

not a shareholder currently , but hat tip to RJP for executing and pushing ahead with his vision. Buybacks have been timely and minority shareholder friendly.

[chrispy]

The shares arent necessarily expensive now although I am not buying here. New line of products released, trading at 30PE with 20 percent growth, small amount of publicly traded shares that will be bought back, shorts will have to cover. Pera is an inventor who makes products people use to build businesses and can keep r&d low.

They continue to move up market