It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Chesapeake Energy Corporation: "I think it's the year of natural gas. People just don't realize it because we've had such warm weather and I do think that Chesapeake is a buy right here at $6."

Ubiquiti Networks Inc: "They missed the quarter badly and in a lot of different ways. Therefore, I can't recommend it. It's in the penalty box. We've got to wait for the next quarter."

Lions Gate Entertainment: "Look, you got a nice gain. Let's not look back. I think that the story was told. You got the good quarter and now we've got to go find something else that's better."

Priceline Group: "Why are you looking, and why are you not buying? This is one of my long-term recommendations. I think it remains a terrific situation. I don't get the derision that the company faces each time that it reports a quarter. It's a good stock."

Duke Energy Corp: "As long as you're buying it in order to get some income. Because otherwise I have to tell you that I don't need Duke Energy in my portfolio."

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