Logo of Ubiquiti Networks
|
|
Type
|
Public |
---|---|
Traded as | NASDAQ: UBNT |
Industry | Computer networking, energy |
Founded | June 2005 (2005-06) |
Founders | Robert Pera |
Headquarters | New York, NY, USA |
Products | Computer networking devices |
Revenue | $865.3 million USD (FY17) |
Number of employees
|
725 FTE (as of June 30, 2017) |
Website | www |
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.
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
In UBNT 23 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Institutional Trust Company, N.A. | 0.95M |
BlackRock Fund Advisors | 0.80M |
TAUBE HODSON STONEX PARTNERS LLP | 0.60M |
Karamaan Group, LLC | 0.24M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.20M |
BLACKROCK ADVISORS LLC | 0.14M |
BlackRock Investment Management, LLC | 96648 |
TEACHERS ADVISORS INC | 74899 |
Spot Trading L.L.C | 51338 |
NEW AMSTERDAM PARTNERS LLC/NY | 36864 |
BlackRock Group LTD | 36644 |
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 22500 |
Daiwa SB Investments Ltd. | 17494 |
RUSSELL FRANK CO/ | 17081 |
Cantab Capital Partners LLP | 16926 |
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 / |