The growth of the internet has gone on unabated for nearly three decades. Companies that sell the hardware that forms the backbone of the internet, called networking infrastructure, have seen a consistent rise in demand. One underfollowed stock in this space is Ubiquiti (NYSE: UI) . Founded back in 2003 by an ex- Apple engineer, the company is trying to disrupt and displace some of the legacy infrastructure providers like Cisco Systems (NASDAQ: CSCO) .
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The networking infrastructure market has many different niches, and Ubiquiti operates in a few of them. One is Wi-Fi hardware. Its UniFi product line sells high-quality equipment that enables people and businesses to access wireless internet services.
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Ubiquiti: An Under-the-Radar Technology Disruptor