India markets closed

    +872.73 (+1.65%)
  • Nifty 50

    +245.60 (+1.55%)
  • Dow

    +193.55 (+0.56%)
  • Nasdaq

    +52.16 (+0.36%)

    -96,238.25 (-3.26%)
  • CMC Crypto 200

    -5.60 (-0.59%)
  • Hang Seng

    -40.98 (-0.16%)
  • Nikkei

    -139.19 (-0.50%)

    -0.2089 (-0.24%)

    -0.1292 (-0.13%)

    -0.0280 (-0.14%)

    -0.0003 (-0.02%)

    -0.0510 (-0.09%)

Ubiquiti Unveils Wi-Fi 6 Router for Better Home Connectivity

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Ubiquiti Inc. UI recently communicated that it has launched AmpliFi Alien, its first whole-home Wi-Fi 6 platform that offers Gigabit speeds. The router, which features a single Gigabit Internet interface and internal power supply, is currently available at a list price of $379.

The product has been optimized to provide home network with the highest possible performance. Driven by 8x8 MIMO Wi-Fi 6 technology, a single AmpliFi Alien router performs with far better range and speed than previous Wi-Fi solutions. Each router has an integrated LAN switch with 4 Gigabit Ethernet ports.

Ubiquiti is focused on democratizing network technology on a global scale. The company expects its new product line to help increase average selling price for high performance, best value products, thereby raising the top line. Ubiquiti upgraded the UniFi ecosystem, which includes hotspot analytics and high-density WLAN improvements, and added new features to the AmpliFi product family. The company’s strategic product launches at disruptive prices have helped it outdo rivals to a great extent.

Apart from innovative product launches, reduction of labor costs also remains one of the chief highlights of its R&D activities. The company believes that its investments in R&D, inventory and operations management will help expand addressable market and strengthen its dominant foothold in the industry.

The company’s Enterprise Technology segment sales continue its momentum on the back of solid demand for the entire UniFi product family. The company anticipates its global market share in Enterprise Technology to grow, fueled by growing adoption of UniFi products, including switches, security gateways, cameras and other complementary products.

Moreover, Ubiquiti remains committed toward enhancing the value of its shareholders. During first-quarter fiscal 2020, it repurchased 3,635,534 shares at an average price of $114.49 per share. It bought back an additional 995,495 shares at an average price of $120.11 subsequent to September end. Further, the company has initiated a new stock repurchase program to buy back up to $200 million worth of shares.

Ubiquiti has long-term earnings growth expectation of 9.4%. Backed by strong execution of operational strategies, the stock has jumped 190.9% compared with the industry’s growth of 18% over the past two years.

The Zacks Consensus Estimate for its current-year earnings has been revised 4.9% upward over the past 30 days. The company topped earnings estimates thrice in the trailing four quarters, delivering an average beat of 16.1%.

Ubiquiti currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the broader industry are Qualcomm Incorporated QCOM, PCTEL, Inc. PCTI and Verizon Communications Inc. VZ. While Qualcomm sports a Zacks Rank #1, PCTEL and Verizon carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Qualcomm has long-term earnings growth expectation of 14%.   

PCTEL surpassed earnings estimates in each of the trailing four quarters, the average surprise being 150.6%.

Verizon surpassed earnings estimates in each of the trailing four quarters, the average surprise being 2.2%.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PC-Tel, Inc. (PCTI) : Free Stock Analysis Report
QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
Verizon Communications Inc. (VZ) : Free Stock Analysis Report
Ubiquiti Inc. (UI) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting