Cambium Networks (NASDAQ:CMBM – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.240–0.190 for the period, compared to the consensus estimate of -0.120. The company issued revenue guidance of $43.0 million-$48.0 million, compared to the consensus revenue estimate of $51.3 million. Cambium Networks also updated its FY 2024 guidance to -0.640–0.410 EPS.
Cambium Networks Stock Down 3.1 %
Shares of NASDAQ:CMBM traded down $0.13 during midday trading on Thursday, reaching $4.03. The company had a trading volume of 58,943 shares, compared to its average volume of 112,550. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.99. The stock’s fifty day moving average price is $4.08 and its 200-day moving average price is $4.45. The stock has a market capitalization of $112.40 million, a P/E ratio of -1.74 and a beta of 0.99. Cambium Networks has a one year low of $2.92 and a one year high of $18.09.
Cambium Networks (NASDAQ:CMBM – Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $40.21 million during the quarter, compared to the consensus estimate of $41.82 million. Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. Equities research analysts expect that Cambium Networks will post -0.66 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Cambium Networks
About Cambium Networks
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.
See Also
- Five stocks we like better than Cambium Networks
- What is the FTSE 100 index?
- Roblox: The Bottom Just Fell Out of the Metaverse
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Stock Market Sectors: What Are They and How Many Are There?
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for Cambium Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cambium Networks and related companies with MarketBeat.com's FREE daily email newsletter.