UP!

UBNT $110.59

UBNT target price
110.59
0
0
Ubiquiti Networks
Type
Public
Traded as NASDAQ: UBNT
Industry Computer networking, energy
Founded June 2005; 12 years ago (2005-06)
Founders Robert Pera
Headquarters New York, NY, USA
Products Computer networking devices
Revenue Increase$865.3 million USD (FY17)
Number of employees
725 FTE (as of June 30, 2017)
Website www.ubnt.com

Ubiquiti Networks is an American technology company started in 2005. Based in New York, NY, Ubiquiti manufactures wireless data communication products for enterprise and wireless broadband providers with a primary focus on under-served and emerging markets.

Ubiquiti sells wired and wireless networking products under multiple brand names. The company also sells grid-tied solar kits.

Ubiquiti's first product line was its "Super Range" mini-PCI radio card series, which was followed by other wireless products.

The company's Xtreme Range (XR) cards operated on non-standard IEEE 802.11 bands, which reduced the impact of congestion in the 2.4 GHz and 5.8 GHz bands. In August 2007 a group of Italian amateur radio operators set a distance world record for point-to-point links in the 5.8 GHz spectrum. Using two XR5 cards and a pair of 35 dBi dish antennas, the Italian team was able to establish a 304 km (about 188 mi) link at data rates between 4 and 5 Mbit/s.

The company (under its "Ubiquiti Labs" brand) also manufactures a home wireless mesh network router as a consumer-level product.

In 2013, it was discovered that there was a security issue in the version of the U-Boot boot loader shipped on Ubiquiti's devices. It was possible to extract the plaintext configuration from the device without leaving a trace using Trivial File Transfer Protocol (TFTP) and an Ethernet cable, revealing information such as passwords.

While this issue is fixed in current versions of Ubiquiti hardware, despite many requests and acknowledging that they are using this GPL-protected application, Ubiquiti refuses to provide the source code for the GNU General Public License (GPL)-licensed U-Boot. This made it impossible (in practical terms) for Ubiquiti's customers to fix the issue.

It was reported by online reporter Brian Krebs, on June 15, 2015, that "Recently, researchers at the Fujitsu Security Operations Center in Warrington, UK began tracking [the] Upatre [trojan software] being served from hundreds of compromised home routers — particularly routers powered by MikroTik and Ubiquiti’s AirOS". Bryan Campbell of the Fujitsu Security Operations Center in Warrington, UK reported, "We have seen literally hundreds of wireless access points, and routers connected in relation to this botnet, usually AirOS", said Bryan Campbell, lead threat intelligence analyst at Fujitsu. "The consistency in which the botnet is communicating with compromised routers in relation to both distribution and communication leads us to believe known vulnerabilities are being exploited in the firmware which allows this to occur".

On October 13, 2011, Ubiquiti Networks had its initial public offering (IPO) at 7.04 million shares, at $15 per share., raising $30.5 million.

In March 2014, Ubiquiti agreed to pay $504,225 to the Office of Foreign Assets Control after it allegedly violated U.S. sanctions against Iran.

In 2015, Ubiquiti was accused of violating the terms of the GPL license for open-source code used in their products. The original source of the complaint updated their website on May 24th 2017 when the issue was resolved.

In 2015, Ubiquiti revealed that it lost $46.7 million when its finance department was tricked into sending money to someone posing as an employee.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2019 2019-05-10 1.26 1.25
Q2 2019 2019-02-08 1.32 1.09
Q1 2019 2018-11-09 1.17 1.16

Ratings

2016-05-06 Upgrade BMO Capital Markets Underperform to Market Perform $30.00 to $37.00
2016-05-06 Boost Price Target Wunderlich Buy $40.00 to $43.00
2016-05-03 Reiterated Rating Credit Suisse Hold $30.00
2016-05-03 Reiterated Rating Credit Suisse Group AG Hold $30.00
2016-04-25 Upgrade OTR Global Neutral
2016-02-07 Reiterated Rating BMO Capital Markets Underperform $30.00
2016-02-06 Upgrade BMO Capital Markets Sell
2016-02-05 Boost Price Target SunTrust Neutral $34.00
2016-02-05 Upgrade Raymond James Underperform to Market Perform
2016-02-05 Upgrade Wunderlich Hold to Buy $31.00 to $40.00
2016-02-05 Boost Price Target SunTrust Banks Inc. Neutral $34.00
2016-02-05 Upgrade Raymond James Financial Inc. Underperform to Market Perform
2016-01-14 Downgrade Sanford C. Bernstein Outperform to Market Perform $49.00 to $30.00
2015-10-20 Downgrade Morgan Stanley Equal Weight to Underweight $14.00
2015-10-19 Downgrade JMP Securities Market Perform to Underperform $26.00
2015-09-17 Downgrade BMO Capital Markets Market Perform to Underperform $30.00
2015-08-09 Reiterated Rating FBN Securities Buy $38.00
2015-08-07 Reiterated Rating Deutsche Bank Hold $23.00 to $25.00
2015-08-07 Boost Price Target BMO Capital Markets Market Perform $25.00 to $30.00
2015-08-07 Downgrade Raymond James Market Perform to Underperform
2015-08-07 Downgrade Wunderlich Buy to Hold $37.00 to $36.00
2015-08-07 Reiterated Rating Deutsche Bank AG Hold $23.00 to $25.00
2015-06-19 Boost Price Target Wunderlich Buy $32.00 to $37.00
2015-05-12 Reiterated Rating FBN Securities Outperform $40.00 to $38.00
2015-05-08 Lower Price Target Deutsche Bank Hold $25.00 to $23.00
2015-05-08 Downgrade Renaissance Capital Outperform to Market Perform
2015-05-08 Downgrade SunTrust Buy to Neutral $37.00 to $30.00
2015-05-08 Downgrade Raymond James Outperform to Market Perform
2015-05-03 Reiterated Rating Bank of America Underperform $33.00
2015-05-03 Reiterated Rating Bank of America Corp. Underperform $33.00
2015-04-24 Downgrade BMO Capital Markets Outperform to Market Perform $34.00 to $26.00
2015-04-24 Downgrade Wells Fargo & Co. Outperform to Market Perform
2015-04-24 Downgrade JMP Securities Outperform to Market Perform $147.50 to $42.00
2015-04-24 Set Price Target Wunderlich Buy $45.00 to $32.00
2015-04-24 Downgrade Wells Fargo Outperform to Market Perform
2015-04-07 Downgrade Bank of America Buy to Underperform $40.00 to $33.00
2015-03-26 Initiated Coverage Guggenheim Neutral
2015-03-26 Downgrade Macquarie Outperform to Neutral $35.00 to $32.00
2015-01-26 Initiated Coverage Citigroup Inc. Neutral $32.00
2014-12-19 Initiated Coverage Goldman Sachs Sell $28.00
2014-12-19 Initiated Coverage Goldman Sachs Group Inc. Sell $28.00
2014-11-07 Reiterated Rating Credit Suisse Neutral $40.00 to $26.00
2014-11-07 Reiterated Rating Bank of America Buy $60.00 to $45.00
2014-11-07 Reiterated Rating Wunderlich Buy $55.00 to $50.00
2014-10-15 Reiterated Rating Morgan Stanley Equal Weight $38.00
2014-10-02 Lower Price Target Deutsche Bank Hold $40.00 to $31.00
2014-09-24 Initiated Coverage SunTrust Buy $45.00
2014-09-12 Initiated Coverage Morgan Stanley Equal Weight
2014-09-08 Initiated Coverage FBN Securities Outperform $55.00
2014-08-08 Boost Price Target BMO Capital Markets $51.00 to $55.00
2014-05-13 Upgrade Raymond James Outperform to Strong-Buy $31.57 to $50.00
2014-05-09 Lower Price Target Macquarie $65.00 to $55.00
2014-05-09 Lower Price Target Deutsche Bank $42.00 to $35.00
2014-05-09 Lower Price Target BMO Capital Markets $56.00 to $51.00
2014-05-09 Downgrade Wedbush Outperform to Neutral $41.00
2014-03-27 Reiterated Rating Sanford C. Bernstein Outperform $65.00
2014-03-20 Initiated Coverage Macquarie Outperform
2014-03-10 Initiated Coverage Sanford C. Bernstein Outperform $65.00
2014-03-06 Reiterated Rating Bank of America Positive
2014-02-07 Boost Price Target Raymond James $47.00 to $50.00
2014-02-07 Boost Price Target BMO Capital Markets $52.00 to $56.00
2013-12-13 Initiated Coverage Wells Fargo & Co. Outperform
2013-12-13 Initiated Coverage Wells Fargo Outperform
2013-12-10 Initiated Coverage Stephens Equal Weight
2013-11-21 Boost Price Target Bank of America Buy $46.00 to $50.00
2013-11-11 Boost Price Target Wunderlich $46.00 to $49.00
2013-11-11 Boost Price Target Pacific Crest $40.00 to $45.00
2013-11-11 Lower Price Target JMP Securities Hold $53.00 to $41.00
2013-11-11 Boost Price Target Credit Suisse Neutral $33.00 to $40.00
2013-11-11 Boost Price Target BMO Capital Markets Outperform $46.00 to $52.00
2013-11-08 Upgrade Raymond James Neutral to Outperform $40.00 to $48.00
2013-11-08 Upgrade Wedbush Neutral to Outperform $40.00 to $48.00
2013-11-06 Boost Price Target Wedbush Neutral $29.00 to $40.00
2013-10-21 Boost Price Target JMP Securities Market Outperform $41.00 to $53.00
2013-10-21 Boost Price Target Deutsche Bank Hold $25.00 to $35.00
2013-10-17 Boost Price Target BMO Capital Markets Outperform $36.00 to $46.00
2013-10-17 Boost Price Target Wunderlich Buy $40.00 to $46.00
2013-09-25 Reiterated Rating Wunderlich Buy $40.00
2013-09-25 Boost Price Target JMP Securities Market Outperform $35.00 to $41.00
2013-09-18 Initiated Coverage Credit Suisse Neutral $33.00
2013-08-09 Reiterated Wunderlich Buy $23 to $33
2012-08-10 Downgrade UBS Buy to Neutral $40 to $11
2012-08-10 Downgrade Deutsche Bank Buy to Hold $30 to $12
2012-07-13 Initiated Capstone Investments Buy $18
2012-05-31 Upgrade Wunderlich Hold to Buy $35
2012-05-02 Downgrade Wunderlich Buy to Hold $35
2012-03-26 Reiterated Wunderlich Buy $28 to $35
2012-03-21 Initiated Auriga Buy $31
2012-01-06 Initiated Wunderlich Buy $25
2011-11-23 Initiated UBS Buy $25
2016-05-06 Upgrade BMO Capital Markets Underperform to Market Perform $30.00 to $37.00
2016-05-06 Boost Price Target Wunderlich Buy $40.00 to $43.00
2016-05-03 Reiterated Rating Credit Suisse Hold $30.00
2016-05-03 Reiterated Rating Credit Suisse Group AG Hold $30.00
2016-04-25 Upgrade OTR Global Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Pera Robert J Chief Executive Officer 63.88%  (56278181) UBNT /
SUMMIT PARTNERS L P Manager of GP of 10% Owner 5.41%  (4764079) ATEN / FLT / FRF / MTSI / UBNT /
Summit Partners Private Equity Fund VII-A, L.P. 5.41%  (4764079) FRF / MTSI / UBNT /
Fitzgerald Charles James JR 5.41%  (4764079) UBNT /
CHUNG PETER Y 5.41%  (4764079) ACIA / ATEN / MTSI / UBNT /
Moore Benjamin VP, Business Development 0.88%  (772430) UBNT /
OCAMPO JOHN L 0.40%  (349500) MTSI / UBNT /
Sanford John Chief Technology Officer 0.32%  (280545) UBNT /
Ritchie John Chief Financial Officer 0.28%  (250590) ACIA / HIVE / UBNT /
Zhou Jessica General Counsel & VP 0.12%  (104439) UBNT /
ALTMAN STEVEN R 0.09%  (82920) DXCM / UBNT /
VAN BUSKIRK ROBERT M 0.03%  (29169) UBNT /
Foster Craig L Chief Financial Officer 0.03%  (26069) FNGN / UBNT /
GURLEY J WILLIAM 0.03%  (25000) GRUB / NEWR / OPEN / UBNT / Z / ZEN /
TORRES RAFAEL 0.02%  (20000) UBNT /