Ubiquiti Inc.
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Range $489 – $489
Price Chart
About the company
Ubiquiti Inc. develops networking technology for service providers, enterprises, and consumers in North America, Europe, the Middle East, Africa, Asia Pacific, South America. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use.
- CEO
- Robert J. Pera
- IPO
- 2011
- Employees
- 1,818
- HQ
- New York, NY, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a long-term downtrend after a sharp reset from the 52-week high, but it is still well above the 52-week low. Trading below the 200-day average keeps the broader regime cautious, even though the shares have stabilized far from the lows.
Street sentiment is mixed-to-neutral, with a Hold consensus and a $489 target that sits below the current share price. Recent changes have leaned cautious: Barclays cut its target to $489 from $672 in August, while BWS Financial has stayed constructive with Buy ratings.
The earnings profile is strong, with 7 straight EPS beats and the latest quarter topping estimates by 27.8%. Next results should be judged on whether revenue growth and margin durability keep pace with the current estimate path, which calls for EPS of 17.234 next year versus 15.68 TTM.
The pattern is modest net selling, but most of the activity is automatic or administrative rather than discretionary. The only clear open-market sale was 500 shares in May 2026, while recent M-Exempt, F-InKind, and A-Award entries around the CAO are not strong conviction signals.
Profitability is excellent, with a 46.2% gross margin, 36.27% operating margin, and 29.33% net margin. Growth remains healthy too, with revenue up 23.5% year over year and EPS up 6.8%, supported by $948.4 million in free cash flow and a net cash position of $531.2 million.
Ubiquiti stands out on margins and cash generation versus most communications-equipment peers, but the valuation already reflects that quality. At 35.3x earnings, it screens richer than a typical hardware name, so execution has to keep justifying the premium.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $33.93B
- P/E
- 35.33
- Fwd P/E
- 31.65
- PEG
- 1.01
- P/S
- 10.36
- P/B
- 23.56
- EV/EBITDA
- 28.31
- Div Yield
- 0.61%
- Gross Margin
- 46.16%
- Op Margin
- 36.21%
- Net Margin
- 29.33%
- ROE
- 85.62%
- ROIC
- 60.66%
Latest fiscal year · YoY change
- Revenue
- $3.27B+27.2%
- Gross Profit
- $1.51B+35.3%
- Op Income
- $1.19B
- Net Income
- $960.30M+34.9%
- EPS
- $15.87+34.8%
- OCF Growth
- +45.1%
- FCF Growth
- +44.9%
- 52W High
- $1099.99
- 52W Low
- $500.23
- 50D MA
- $565.59
- 200D MA
- $657.27
- Beta
- 1.32
- RSI (14)
- 46
- Avg Volume
- 134.24K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Ubiquiti said demand remained strong in North America and enterprise, but chronic stock-outs and inefficient logistics are still limiting shipments and driving extra shipping costs.· August 24, 2018
- UniFi is expanding beyond Wi‑Fi into a broader networking platform, including network security and advanced features.
- Management said North America and enterprise strength was tied to UniFi demand and improved product adoption.
- A new U.S. inventory facility is helping route more U.S. revenue through inventory, while international shipments still largely come direct from Asia.
- Supply-chain inefficiency and last-minute air shipping remain major cost pressures, and management said the company is still not meeting demand.
- Robert Pera said the company plans to be aggressive on new products like UniFi video, while expecting mature-product cost reductions to support long-term margins.
This was a Q&A-only call, so no revenue, EPS, gross margin, or year-over-year financial figures were reported on the call. Management did say a “decent percentage” of U.S. revenue is now flowing through the new inventory center, while outside the U.S. the company largely ships directly from Asia. On forward commentary, Pera said the main priority is meeting demand, with chronic stock-outs on key items still driving business decisions; he also said peer margins should remain relatively steady long term, with significant margin improvement possible as logistics mature and excessive air-shipping costs decline.
Robert Pera framed the quarter as proof that UniFi is broadening from Wi‑Fi into a unified networking solution with network security and additional advanced features. He said the company wants to be more aggressive in new categories, specifically calling out UniFi video as an area where it should gain much larger share over the next couple of years. His tone was confident on product momentum but candid that operations are still behind demand.
No CFO spoke on this call, and no formal financial metrics or capital allocation details were given. The operational commentary centered on inventory flow and logistics: a decent percentage of U.S. revenue is now passing through the inventory center, international orders largely ship from Asia, and the company is still dealing with chronic stock-outs on key items. Management linked margin pressure to last-minute air shipping and said long-term peer margins should stay relatively steady, with improvement expected as shipping and fulfillment efficiency normalizes.
Analysts focused on three issues: why North America and enterprise were strong, whether tariffs would be passed through in prices, and how much of shipments are now coming from the warehouse inventory build. Pera said the strength came mainly from UniFi’s expansion into a broader networking solution and from better channel stocking, while noting the company still has inefficient supply-chain and stocking processes. On inventory, he said a decent percentage of U.S. revenue is flowing through the inventory center, but the overriding priority remains meeting demand rather than managing the balance-sheet inventory level.
The bull case from this call is that UniFi appears to be expanding into a larger platform opportunity, with network security, advanced features, and upcoming video security products all adding to the addressable market. Management also sounded optimistic that improved logistics and mature-product cost reductions could support margin improvement over time.
The main bear case is that Ubiquiti still has chronic stock-outs and says it is not yet meeting demand, which suggests execution problems remain unresolved. Management also acknowledged ongoing supply-chain inefficiency and excessive air-shipping costs, and gave no hard financial numbers on the call to show near-term margin or growth progress.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 7.0%
- Shares Outstanding
- 60.52M
- Float Shares
- 4.21M
of shares held by institutions
387 13F filers
Buy/sell ratio 0.63. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for UI, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Thomas Hawley TubervilleSenate · AL | Sell | May 3, 24 | Filing → |
| Lois FrankelHouse · FL22 | Sell | May 3, 23 | Filing → |
| Lois FrankelHouse · FL22 | Sell | Apr 19, 23 | Filing → |
| Lois FrankelHouse · FL21 | Sell | Sep 21, 22 | Filing → |
| Lois FrankelHouse · FL21 | Sell | Sep 20, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jul 19, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | May 5, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 10, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Apr 11, 22 | Filing → |
| Lois FrankelHouse · FL21 | Sell | Dec 12, 19 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 305.25K | ▲ 10.69K |
| Renaissance Technologies LLC | 198.34K | ▼ 20.60K |
| Sw Investment Management LLC | 140.00K | ▼ 2.50K |
| Capital World Investors | 113.84K | ▲ 6.22K |
| State Street Corp | 101.66K | ▲ 16.20K |
| Vanguard Group Inc | 96.94K | ▲ 1.38K |
| Arrowstreet Capital, Limited Partnership | 91.45K | ▼ 92.11K |
| Geode Capital Management, LLC | 74.03K | ▼ 1.41K |
| Goldman Sachs Group Inc | 69.50K | ▼ 7.43K |
| Morgan Stanley | 68.96K | ▼ 8.99K |
| Aqr Capital Management LLC | 67.47K | ▼ 61.73K |
| Invesco Ltd. | 66.16K | ▲ 53.52K |
Held by 400 ETFs
Biggest fund positions in UI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 1, 26 | Radigan Kevin | other | 340 |
| Jul 1, 26 | Radigan Kevin | other | 123 |
| Jul 1, 26 | Radigan Kevin | other | 60 |
| Jul 1, 26 | Radigan Kevin | other | 166 |
| Jul 1, 26 | Radigan Kevin | other | 284 |
| Jul 1, 26 | Radigan Kevin | other | 407 |
| Jul 1, 26 | Radigan Kevin | other | 139 |
| Jul 1, 26 | Radigan Kevin | other | 191 |
| Jul 1, 26 | Radigan Kevin | other | 340 |
| Aug 18, 26 | Radigan Kevin | other | 373 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our UI coverage
Recent articles, reports, and earnings notes.

Ubiquiti (UI): UniFi Growth vs. Rich Valuation
Ubiquiti delivered strong fiscal 2026 growth, huge free cash flow, and a fortress balance sheet, but the stock already reflects much of that strength. The report keeps a Buy rating with a $700 fair value as UniFi and Enterprise Technology drive the story.

Ubiquiti Inc. (UI) falls 13.5% on valuation reset
Ubiquiti Inc. (UI) falls sharply after a strong earnings run, with investors taking profits and reassessing valuation. Heavy volume, a high P/E, and analyst caution around margins suggest the move is more about repricing than a fresh business setback.

Ubiquiti beat estimates—and the stock still fell
Ubiquiti's strong quarter did not change the market's concern that growth is too concentrated and the valuation leaves little room for disappointment. The 8.3% post-earnings drop looks like a rational reset, not an irrational selloff.
Want a deeper read on UI?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed September 24, 2026 · Live quote · Not investment advice