UI

Feb. 15, 2018 Summary Ubiquiti reported the results of its fiscal Q2 late last week. The headline EPS number was a miss, and the shares pulled back sharply. The non-GAAP EPS miss was entirely a function of an inventory write-off of a misbegotten consumer camera offering. The company’s core business in the wireless LAN space…

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Aug. 6, 2017 Summary Ubiquiti reported the results of its fiscal Q4 Thursday morning. Results were a beat and guidance was a material raise when compared to prior First Call consensus expectations. The company continues to struggle with analyst disapprobation and disbelief of its business model despite its rather consistent performance. The company, to a…

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May 10, 2017 Summary Ubiquiti reported the results of its fiscal Q3 last week. Looked as a whole, the results were mixed, but investors were concerned about the inventory build-up coupled with gross margins that recovered less strongly than some had forecast. The company provided somewhat tepid guidance, particularly on margins, expecting another quarter of…

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Mar. 13, 2017 Summary Ubiquiti shares plunged more than 20% last month in the wake of a mixed earnings report. Gross margins contracted noticeably and some balance sheet items caused a contraction in cash flow. Management ascribes most of the issues to the pains of hyper-growth, although it is letting DSO continue to rise. There…

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Dec. 14, 2016 Summary Ubiquiti is an emerging company in the wireless Lan market. It has a most unusual sales model in that it has no salesman and sells because of major price/performance advantages. The company is far more profitable than most other vendors in the networking space who are unable to eschew significant sales…

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