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Ubiquiti Inc. (UI): A Bull Case Theory

We came across a bullish thesis on Ubiquiti Inc. on WorldlyInvest's Substack. As of 2ⁿᵈ July, Ubiquiti Inc.'s share was trading at $411.72. UI's trailing and forward P/E were 45.24 and 40.36, respectively according to Yahoo Finance.

The thesis on UI argues that the market is materially underestimating the company's growth prospects and brand strength in a highly commoditized networking equipment industry. Ubiquiti operates with a highly differentiated business model, selling direct-to-consumer via online channels and an engaged user community.

The networking industry is entering a...