27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Ubiquiti Networks Inc (NASDAQ: UBNT) may have a rough ride from political hot spots around the globe and and the cooling economies of Europe and Asia, but a couple of analysts stuck to their guns Thursday.
The San Jose company offers wireless services in undeveloped markets fell 14 percent Friday after missing fiscal first-quarter expectations and trimming its outlook.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Bank of America's Tal Liani said "a troubled near-term climate does not trump Ubiquiti's longer-term opportunities." Liani reiterated a Buy recommendation but cut the price target 25 percent to $45.
Ubiquity relies on Europe and Asia for about half its revenue. Although weakness in Iraq and Russia had been considered in earlier forecast, the company said peripherial regions are now getting hurt.
A stronger dollar is making Ubiquiti's products and services more expensive.
The recent quarter was "worse than expected," Wunderlich's Matthew S. Robison said. But a raft of new products aimed at business customers "should provide a catalyst" for the company's shares going forward, in Robison's view.
Robison cut his target 9 percent to $50 but maintained a Buy rating.
Although a stronger dollar has crimped foreign demand, Robison said that excluding "war-torn regions," business customers will soon return "if they want to grow."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.