Cambium Networks (CMBM) Set to Announce Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) is set to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Cambium Networks (NASDAQ:CMBM) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.59). Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. The company had revenue of $40.21 million for the quarter, compared to analysts’ expectations of $41.82 million. On average, analysts expect Cambium Networks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cambium Networks Stock Up 2.8 %

Shares of NASDAQ CMBM opened at $4.05 on Wednesday. Cambium Networks has a one year low of $2.92 and a one year high of $18.09. The business’s fifty day moving average price is $4.08 and its 200-day moving average price is $4.46. The stock has a market capitalization of $112.95 million, a PE ratio of -1.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.99.

Analyst Upgrades and Downgrades

Separately, Raymond James raised their price target on Cambium Networks from $5.25 to $5.50 and gave the stock an “outperform” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.04.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.