UBNT

Investment Analysis Clubs Saul’s Investing Discussions
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Ubnt is a wireless equipment provider that supplies equipment to anyone that needs a high speed connection. Their equipment is designed to use the public airwaves and is able to provide connections for the last mile. Their equipment is low cost but has a great reputation. They provide tech support over the internet and have chat rooms where installers will talk about the equipment and help other installers with the installation. They do not have a sales team, this is all done by word of mouth and recently some television ads. I am posting my notes on the company, and what equipment they provide before I do a page post on them. They provide Antennae’s, dishes, Wireless Access Points, routers, and surveillance equipment.

Andy

Ubiquiti Networks Inc. (UBNT)

Who is Robert Pera, CEO and founder

Robert J. Pera (born March 10, 1978) is the Founder of Ubiquiti Networks, Inc. and has been its Chief Executive Officer since October 2005. From January 2003 to February 2005, Pera was a wireless engineer with consumer technology company Apple, Inc…

The Apple hardware engineer turned wireless networking entrepreneur went out on his own in 2005 with the goal of bringing affordable internet access to the world’s emerging markets. Pera was later quoted as saying “Apple’s a great company, but I realized I wanted to have more success faster.” After six years, at age 34, Pera became a billionaire when his Ubiquiti Networks went public in October 2011.[

What is UBNT’s Purpose:
Ubiquiti Networks is closing the digital divide by building network communication platforms for everyone and everywhere.

Ubnt’s Products:

Edgemax

New EdgeRouter / EdgeRouter Pro
The latest addition to the EdgeMax Family, the EdgeRouter provides higher performance (2M packets per second) and powerful EdgeOS software. The EdgeRouter is rack mountable and has 8 ethernet ports (EdgeRouter) or 6 Ethernet ports and 2 SFP ports (EdgeRouter Pro).

EdgeRouter lite
The World’s first sub-$100, one million packet-per-second router. Powered by the feature rich EdgeOS featuring a next-generation graphical user interface.

EdgeRouter Poe
The EdgeRouter POE combines one million packet per second routing, high-performance hardware-based switching and Power over Ethernet (POE) into an affordable and compact 5-port product.

Airmax Hardware
Antennae’s
Rocket M And M Titanium
Powering the next generation of Carrier Class PtP and PtMP airmax networks. The Ultimate Outdoor Wireless BaseStation for the Global Wireless ISP industry. 900 mhz, 2.4 Ghz, 3 Ghz, and 5 Ghz.

Rocket M, Rocket M Gps, Rocket M Ti
Operating speeds 1-54mbps

Bullet M, Bullet Titanium M 2.4 ghz and 5 ghz
Bullet M is the latest version of the popular Ubiquiti Bullet. Like its predecessor, Bullet M is a wireless radio with an integrated Type N RF connector that can be directly plugged in to any Antenna* to create a powerful and robust outdoor Access Point, Client, or Bridge. The Bullet M features a signal strength LED meter for antenna alignment, a low-loss integrated N-type RF connector, and a robust weatherproof design.With up to 600mW of power and enhanced receiver design, the Bullet M is ideal for long-distance links, capable of 100Mbps+ real TCP/IP speeds over multi-km distances.

Operating speeds from 1-54mbps

Nanostation M
The NanoStation M combines Powerful airMAX CPE radio and MIMO antenna array performance in a compact form factor.

AirMax Antennas

Airmax Omni antenna
The first of its kind, airMAX Omni antennas deliver carrier-class, 2X2 dual-polarity, omni-directional MIMO performance. They are designed for seamless integration with Ubiquiti airMAX Rocket hardware.

airMAX Omni is a Carrier Class 2x2 Dual Polarity MIMO Omnidirectional Antenna that was designed to seamlessly integrate with RocketM radios (RocketM sold separately). Pair the RocketM’s radio with the airMAX Omni’s reach to create a powerful, 360° omnidirectional basestation… This seamless integration gives network architects unparalleled flexibility and convenience. On the right is one example of how airMAX Omni can be deployed: Up to 100 clients can be connected to one antenna.

Airmax Sectors
The airMAX Sector Antenna is a Carrier Class 2x2 Dual Polarity MIMO Sector Antenna that was designed to seamlessly integrate with RocketM radios (RocketM sold separately). Pair the RocketM’s radio with the airMAX Sector Antenna’s reach to create a powerful basestation. This versatile combination gives network architects unparalleled flexibility and convenience.

Rocket Dish
Carrier Class Performance. Breakthrough Price Points. Instantly pair with Ubiquiti Rocket hardware to create powerful 2X2 MIMO PtP Bridging applications.

RocketDish is a Carrier Class Dish Antenna that was designed to seamlessly integrate with Rocket M radios (sold separately). Rocket M combines the “brains” in one robust unit; pair Rocket M with RocketDish to create powerful 2x2 MIMO PtP bridging applications. This seamless integration gives network architects unparalleled flexibility and convenience.

Airmax Yagi
Hi-gain 16dBi 2X2 MIMO performance for long distance 900MHz applications. Designed to be seamlessly paired with RocketM900 hardware.
The airMAX 900 MHz YAGI Antenna is a high-gain array antenna designed to seamlessly integrate with the Rocket™M900 radio (sold separately). It features incredible range performance of 20+ km and breakthrough speed of 90+ Mbps.

Airfiber

Airfiber 24
Featuring a dual-independent 2x2 MIMO 24GHz hi-gain reflector antenna system, airFiber can operate in both FDD (Frequency Division Duplex) and HDD (Hybrid Division Duplex) modes for unparalleled speed and spectral efficiency in the 24GHz worldwide license-free band. For long distance back haul.
Introducing airFiber®, a truly revolutionary Point-to-Point wireless platform from Ubiquiti Networks™. Housed in a compact, highly efficient form factor, airFiber delivers amazing wireless gigabit+ performance, low latency, and long range. Ideal for carrier backhaul, building-to-building enterprise use, or public safety applications.

Airfiber 5
Operating in the 5GHz band, airFiber 5 builds on the innovations in airFiber 24 to enable speeds up to 1Gbps and introduces new eXtended Range Technology (xRT) to provide 100+Km maximum range. With true 1.4Gbps+ data throughput and up to 13 km range, airFiber provides a breakthrough in 24GHz backhaul performance. A truly revolutionary 24 GHz Point-to-Point radio for high performance backhaul and building-to-building connections. Requires 2 units for a single link.

Airvision
AirVision provides advanced recording capabilities and powerful analytics with a web based user interface. Combined with Ubiquiti’s powerful line of H.264 megapixel airCam IP Cameras, airVision is an IP video surveillance system.

Aircam: 30 FPS /1 MP/HDTV 720p/ PoE

AirDome: Ceilling Mount/Microphone Built in/ 1 MP/HDTV 720/PoE

AirCam Mini: Desktop Mount/ 30 FPS/ 1 MP/HDTV 720p/ PoE

Dedicated Hardware NVR with airVision pre-installed
The NVR is a plug-and-play NVR appliance with low power consumptin. Airvision software is pre-installed for quick and easy installation. Plug into the network and it has a built in 500 gb hard drive which equates to 1200 recording hours @ 480p resolution or 400 hours at 720p.

Unifi Access Points
UniFi is a WiFi system which combines carrier class performance, unlimited scalability, and a virtual management controller.

Unifi AP
Our standard model 802.11n MIMO UniFi AP. Capable of speeds up to 300 Mbps with a range of up to 400 ft.

Unifi Ap pro
The UAP-PRO access point offers dual band, 802.11a/b/g/n MIMO with aggregate throughput up to 750Mbps

Unifi Ap long range
The UAP-LR has a longer range than the base model UAP with a range of up to 183 m (600 ft). It also offers 802.11n MIMO, with speeds of up to 300 Mbps.

Unifi AP Ac
The fastest UniFi model supports 802.11ac and speeds of up to 1300 Mbps in the 5 GHz radio band and up to 450 Mbps in the 2.4 GHz radio band.

Unifi Ac outdoor
Our fastest outdoor WiFi access point is simultaneous dual band and supports 802.11ac

Unifi Ap outdoor+
The UAP-Outdoor+ with Multi-Lane RF technology is ideal for high density, outdoor deployments

Unifi Ap Outdoor 5g
Take UniFi outdoors and link farther with the UAP-Outdoor5. This outdoor model operates in the 5 GHz frequency spectrum.

Unifi Ap outdoor
Take UniFi outdoors and link farther with the UAP-Outdoor

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Wow Andy, what an awesome write-up. You really understand the business. Do you use their products yourself?

Thanks for your contribution.

Saul

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Thanks Saul,

I want to thank you for pointing me to this company. I am excited by their product and they seem to be doing really well except for that little problem with people stealing their technology. I am still working through the financials but should have a write up by the end of the week.

I work in the metro division or local division for a telephone company. I worked for Nortel for 7 years as a foreman and then went to work for Sprint and now work for another large local provider. So telecommunications interests me.

Thanks again Saul, they are doing exciting stuff.

Andy

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I live on the east coast of Hawaii near the furthest east point of all the Hawaii islands. Is there some way any of the equipment that is produced by ubiquiti could help me get internet access?

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Dacocnutfarm,
It is possible. How are you getting access at this time. Is it across telephone lines with a modem? Also how far are you from the nearest town with internet access. The cost of the equipment isn’t the biggest problem. But the cost of the access to the telephone or cable network is where the cost is going to be. If you have farms along the way to your farm or ranch you could all go into it together and reduce the cost that way. Also when it rains, if it rains hard, you will get reduced signal. These are all line of site also so it would help if you had buildings or mountains that you could put poles up on to shoot the signal to.

Andy

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Great writeup Andy. Thanks.

Anirban.

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Thanks, Anirban. I hope by looking a little closer at this company we all can understand it better.

Andy

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Andy,

Thank you for your terrific insight on UBNT. I was wondering if you saw this article and if you had an opinion on it? Apparently, GOOG is also developing a new product to try to help deliver internet access to underserved areas. Do you view this as a potential threat to UBNT? I would love to hear your interpretation of this article and any potential implications. Thanks!

Jason
Long UBNT
Long GOOG

http://seekingalpha.com/article/2025131-how-google-plans-to-…

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Nice find Jason, I had read a year ago that Google was testing this in Africa but I can see by your article that they are really serious. If they can get this going it would be a problem with UBNT on the low end. Anytime you can give somebody something for free it will affect anyone competing with you. Especially in the emerging markets. But UBNT provides higher bandwidth than Google can do on their balloons. I suspect that UBNT is working (this is only speculation but the way that their CEO thinks and how he wants to grow it makes sense) on getting more speeds out of their products. I think we will see them come out with dishes that will combine feeds to get higher speeds. But Google could upgrade their balloons to provide 4g or 5g speeds. If that is the case it would be very disruptive and I wouldn’t put anything past Google to do this. At rates of 3g I don’t think UBNT has much to worry about but if they get to 5G I think a lot of companies will be toast. Its much cheaper to float balloons in the sky then it is to maintain and place dishes and Antennae’s, or run copper and fiber. Right now I am not worried about this although I think this needs to be watched. We need to see where it goes and if it actually gets off the ground. But I think it will be years before UBNT will have to worry about it.

Thanks,
Andy

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