in the lower end space kind of, however in many respects no they don’t. Ubiquity would be their main competition, but ubiquity equipment is cloud first whereas a strong point of mikrotik has been that you do not need a centralized cloud controller (ie local first). Also in terms of the vast capabilities of mikrotik equipment at its price point, no there is absolutely no real competitor. (Maybe PFsense is the closest competitor with strong feature set)