Cambium Networks (NASDAQ:CMBM) Shares Up 2.1% – What’s Next?

Cambium Networks Corporation (NASDAQ:CMBM)’s stock price rose 2.1% on Friday . The company traded as high as $1.5550 and last traded at $1.47. Approximately 378,525 shares changed hands during trading, a decline of 71% from the average daily volume of 1,302,127 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMBM shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cambium Networks in a research report on Monday, December 22nd. Wall Street Zen raised shares of Cambium Networks to a “hold” rating in a report on Saturday, November 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cambium Networks presently has a consensus rating of “Sell”.

Cambium Networks Stock Performance

The business’s 50 day simple moving average is $1.94 and its 200-day simple moving average is $1.14. The stock has a market capitalization of $41.52 million, a price-to-earnings ratio of -0.49 and a beta of 1.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cambium Networks stock. Jones Financial Companies Lllp acquired a new position in Cambium Networks Corporation (NASDAQ:CMBM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,980 shares of the company’s stock, valued at approximately $26,000. Jones Financial Companies Lllp owned 0.13% of Cambium Networks as of its most recent SEC filing. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About Cambium Networks

Cambium Networks Corporation, founded in 2011 as a spin-out from Motorola Solutions and headquartered in Rolling Meadows, Illinois, is a global provider of wireless broadband infrastructure. The company designs and delivers fixed wireless networking solutions that enable high-capacity connectivity for service providers, enterprises, and government agencies. Cambium’s technology portfolio focuses on reliable, scalable links in challenging environments, offering alternatives to fiber and traditional wired networks.

The company’s core offerings include point-to-point (PTP) and point-to-multipoint (PTMP) wireless backhaul products that deliver gigabit-class throughput over distances up to tens of kilometers.