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Ubiquiti Networks (UBNT +16.8%) has taken off after missing FQ1 estimates but guiding for FQ2...

Ubiquiti Networks (UBNT +16.8%) has taken off after missing FQ1 estimates but guiding for FQ2 revenue of $70M-$78M and EPS of $0.17-$0.20, mostly above a consensus of $69.1M and $0.17. Low expectations are helping, and so is a huge short interest. Ubiquiti claims to have made progress with the counterfeiting problems that crushed shares earlier this year, and brags sales of new products such as its airFiber wireless backhaul solution rose 24% Q/Q. (transcript)
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