After scaling its revenue 460% between fiscal year 2009 ($63 million) and fiscal year 2012 ($353 million), wireless networking provider, Ubiquiti Networks Inc. (NASDAQ:UBNT), experienced a brief pause in its growth last year due to counterfeiting issues revolving around a former distributor. With these issues now resolved, Ubiquiti has rebounded strongly during the past three quarters. In early August, Ubiquiti's stock rose dramatically after the company posted record quarterly revenues and significantly raised its guidance for its next quarter. After sprinting quickly to $37, over the past four weeks UBNT has corrected as one of the company's largest shareholders, the VC firm, Summit Partners, reduced its position by almost 4 million shares.
In our view, UBNT's recent...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|