Cambium Networks (CMBM) Expected to Announce Quarterly Earnings on Monday

Cambium Networks (NASDAQ:CMBM) is anticipated to issue its results after the market closes on Monday, February 23rd. Analysts expect the company to announce earnings of $0.10 per share and revenue of $57.00 million for the quarter.

Cambium Networks Stock Down 4.8%

CMBM stock opened at $1.19 on Friday. The stock has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.38. Cambium Networks has a twelve month low of $0.23 and a twelve month high of $6.80. The firm has a market capitalization of $33.61 million, a PE ratio of -0.57 and a beta of 1.98.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cambium Networks in a report on Monday, December 29th. Wall Street Zen upgraded shares of Cambium Networks to a “hold” rating in a research report on Saturday, November 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Cambium Networks

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new position in Cambium Networks in the first quarter worth $26,000. XTX Topco Ltd lifted its stake in Cambium Networks by 38.1% during the fourth quarter. XTX Topco Ltd now owns 32,810 shares of the company’s stock worth $47,000 after purchasing an additional 9,056 shares during the last quarter. Finally, State Street Corp lifted its stake in Cambium Networks by 51.8% during the fourth quarter. State Street Corp now owns 60,390 shares of the company’s stock worth $87,000 after purchasing an additional 20,600 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.