Ubiquiti seems to still be on the rise as shares broke into a new 52-week high yesterday, hitting a peak of $58.63. Shares closed at $57.78 after opening at $57.82. The company now has a market cap of $4.75 billion.

Ubiquiti Networks Inc develops high performance networking technology for service providers & enterprises. It offers fixed wireless broadband, wireless backhaul systems, routing, wireless LAN infrastructure & video surveillance products, and among others.

Ubiquiti remains optimistic about its robust position in the wireless broadband market and improving foothold in the enterprise WLAN access point markets.

The continuing rise of the companies' status seems to be as a result of the rapidly growing and highly engaged community of service providers, distributors, value-added resellers, systems integrators and corporate IT professionals.

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