Report
Ilya Kundozerov
EUR 101.80 For Business Accounts Only

Ubiquiti Networks should remain frugal and disruptive, but investors may be on a roller coaster.

Ubiquiti’s third-quarter results came in largely in line with management’s guidance, but slightly below our internal projections as enterprise revenue grew at a more moderate pace. Gross margin was softer as well due to a lower margin profile on newer products, especially AmpliFi. Nonetheless, we think growing maturity of company operations and ambitious plans to further expand into the end-user and small-to-medium business, or SMB, markets will pay off in the long run. Our fair value of $66 and...
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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