Report
Ilya Kundozerov
EUR 101.80 For Business Accounts Only

Ubiquiti Growing Pains on Display But We Are Optimistic About New Products; Raising FVE to $66

Ubiquiti’s fiscal second-quarter results were largely in line with our expectations, as the company posted stronger-than-expected top line growth, which was offset by gross margin compression related to AmpliFi and airMAX AC product launches. Ubiquiti is busy scaling up its business as more products are expected to hit the market later this year. We like the unorthodox business model of the company, which has been working fairly well with few exceptions. However, we still fear a lack of customer...
Underlying
Ubiquiti Inc.

Ubiquiti Networks is engaged in providing portfolio of networking products and solutions for operator-owners of wireless internet services (WISP's), enterprises and smart homes. The company's operator-owner service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing and the related software for WISP's to control, track and bill their customers. The company's enterprise product platforms provide wireless LAN (WLAN) infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products along with a software platform.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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