Ubiquiti Inc.

Ubiquiti Inc.

UI·NYSE

$576.13

+0.12%
TechnologyCommunication Equipment

Ubiquiti Inc. develops networking technology for service providers, enterprises, and consumers. It develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as consumer products under the Ubiquiti Labs brand name. The company also provides technology platforms, such as airMAX, which include proprietary protocols that contain technologies for minimizing signal noise; EdgeMAX, a software and system routing platform; airFiber, a point-to-point radio system; and UFiber GPON, a plug and play fiber network technology to build high speed fiber internet networks. In addition, it offers UniFi -Enterprise WLAN, an enterprise Wi-Fi system that allows for on-site and remote management through the cloud; UniFi Protect, a video surveillance system, which provides statistical reporting and advanced analytics; UniFi Switch that deliver performance, switching, and power of Ethernet support for enterprise networks; UniFi Console, an enterprise class router and security gateway device; and UniFi Access, a door access system. Further, offers base stations, radios, backhaul equipment, and customer premise equipment; embedded radio products; antennas; and mounting brackets, cables, and power over Ethernet adapters. It serves customers through a network of approximately 100 distributors, online retailers, and direct to customers worldwide. The company was formerly known as Ubiquiti Networks, Inc. and changed its name to Ubiquiti Inc. in August 2019. Ubiquiti Inc. was incorporated in 2003 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$34.87B
EPS11.7700
P/E Ratio48.95
Earnings Date08/28/2026

Earnings Call Transcript

UI • 2017 • Q3

Executives
Laura Kiernan - Ubiquiti Networks, Inc. Robert J. Pera - Ubiquiti Networks, Inc.
Analysts
Matthew S. Robison - Wunderlich Securities, Inc. Erik L. Suppiger - JMP Securities LLC
Operator
Thank you. Our next question comes from Erik Suppiger of JPM (sic) [JMP]. Your line is open.
Erik L. Suppiger - JMP Securities LLC
Yeah. Thanks. Can you talk about which individual products did well of the new products, how the AmpliFi did and which specific ones did well in the quarter? And then secondly – well, let me get that and I'll follow up.
Unknown Speaker
Yeah. I like to think of measuring the success of a company via platforms. So, as you know, airMAX, we created our own proprietary protocol so it's sticky. And once our operators build out airMAX, they are encouraged to continue to build out their networks using airMAX-compatible devices. So I would say for this quarter airMAX AC GEN2 looks promising. It's growing very fast off a smaller base, and then we'll try to ramp that up quickly. And as you ramp that up, you then see growth in this Operator segment. Looking at UniFi, of course, UniFi HD is doing exceptionally well. We're ramping that up. And that's a key data point because it proves our strategy with UniFi, which was to establish a high-volume base of brand awareness. And later leverage more margin and profitability through higher ASP products. And UAP HD was the first of that higher ASP strategy. It's reporting on MSRP. And it looks like we could probably go higher with higher-end products. AmpliFi, we reduced the AmpliFi SKUs (10:08) so we really just have AmpliFi HD and, of course, you have the MeshPoint HD, we sell stand-alone. Both of those are doing well and growing.
Erik L. Suppiger - JMP Securities LLC
Very good. Thank you.
Operator
Thank you. Our next question comes from Wu Jian Hao (13:23) of Bloomberg. Your line is open.
Unknown Speaker
Okay. I'll cede the floor.
Operator
Thank you. Our next question comes from Wu Jian (18:40) of Bloomberg. Your line is open.
Unknown Speaker
Okay. Okay got it. Okay. Thanks.
Transcript from May 5, 2017

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