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Based simply on one factor - They are recreating the entire networking philosophy with their evolutionary products; their products are extremely well-made and VERY inexpensive when compared to ANY of their competitors.I believe they will continue to gain market share over the dinasaurs our there that have not changed and grown as technology has improved.
following Saul on this one..
great track record, fast growing, good insider ownership, founder still managing
One of Saul's favorite. Growing fast..
New product is shipping and promises cost effective wifi in dense or campus areas. UBNT is a candidate for purchase by CISCO.
Huge potential in emerging markets. Possible affiliation with Google's Project Loon?
Their products, besides being networking in nature, also would benefit from the "Smarthome" quest that many people want to go to along with small to midsize businesses. The ability to test and control environmental aspects via a local LAN with the enhanced networking features give it a real plus in my book. Personally, as an EE, am considering upgrading my home to a type of Smarthome. They have several control/sensing products that I find interesting. Their components are good but not well advertised and that is a minus in the playbook.
Agree with TSIF.
active R&D with innovative new products
Even at half it's IPO price last October and at 25% of it's peak ($35.99) May 1st, this falling knife with a pointy antenna tip may still bite. I would have felt "safer" on my mid-day first day plunge at $6.50 where Ubiquiti Network dropped briefly yesterday evening in aftermarket. There is worse news than copycats copying your technology and dumping it on the market, but I can see why that would make investors nervous. Ubiuiti Networks indicated that it was "on top" of the problem and should have it resolved in the next two more quarters. That sounds hard to do, especially since it appears to be former distributors dumping into "existing" sales channels, but overall they are still making money during ligitimate sells. Despite the counterfeits Ubiquiti Networks posted rising sells this past quarter, but does not expect the trend to continue until the copy issue is resolved. Ubiquiti Network plans a $100 Million stock buyback to help counter the impact to the share price plunge, but if it does so, it will be buying with mostly borrowed money on it's revolver. Not necessarily a good practice, but it could work if they maintain profitability during the "crisis".At a minimum, the sub $9 share price should stop insider investors from "dumping" large blocks as they have since the IPO quiet period expired. Normally I would not have been "interested" in Ubiquiti Networks at >$15 due to this issue, despite growth metrics.Spec play, falling knife. With other analysts I think this will take several quarters to clear, but copycats do help show the value of Ubiquiti Networks products. Will monitor quarter to quarter. A net quarter loss would cause even a larger drop.
Overreaction due to headlines has left UBNT with a very compelling valuation. The company's fundamentals and business model seem to be solid. Very impressive CEO - young, smart, and poised.
UBNT have revolutionary technology
This stock lacks much in the way of history as it is a recent IPO. I bought a small position in UBNT, a tech stock, on 1/6/2012. To date 1/27/2012 UBNT is up 23%...in fact to day the stock was up over 7%. What gives with this stock's dramatic move up. UBNT is followed by 4 analysts and all are quite favorable. If anyone can shed some insights and thoughts on this stock it would be appreciated.... UBNT.
Solid product. Undercuts the competition significantly in terms of bang-for-the-buck. If they keep it up, they should see solid growth
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