Cambium Networks (CMBM) to Announce Results Thursday – Defense World | Region & Cash


Cambium Networks (NASDAQ:CMBM – Get Rating) will release its earnings data after the market close on Thursday, August 4th. Analysts expect Cambium Networks to report earnings of $0.06 per share for the quarter. Cambium Networks has set its Q2 guidance at $0.01 to $0.11 per share and its FY22 guidance at $0.28 to $0.70 per share. Individuals wishing to register for the Company’s earnings conference call can do so at this link.

Cambium Networks (NASDAQ:CMBM – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. Cambium Networks had a net margin of 5.17% and a return on equity of 15.77%. The company had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.42 million. In the same quarter last year, the company earned $0.70 per share. The company’s revenue fell 30.1% year over year. On average, analysts expect Cambium Networks to report earnings per share of $0 for the current fiscal year and $1 for the next fiscal year.

Cambium Networks inventory up 6.1%

NASDAQ CMBM shares opened at $18.19 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.49 and a debt to equity ratio of 0.23. The stock has a market cap of $487.95 million, a price-to-earnings ratio of 33.07, a price-to-earnings-to-growth ratio of 3.92 and a beta of 0.64. The company has a 50-day moving average price of $15.04 and a 200-day moving average price of $19.31. Cambium Networks has a 52-week low of $12.40 and a 52-week high of $46.30.

Wall Street analysts forecast growth

A number of research analysts recently commented on the stock. Northland Securities lowered its target price on Cambium Networks shares to $30.00 from $50.00 in a research report on Monday, April 18. TheStreet upgraded shares of Cambium Networks from a “d+” rating to a “c-” rating in a research note on Monday, June 27th. Goldman Sachs Group lowered its target price on Cambium Networks shares to $22.00 from $47.00 and gave the company a buy rating in a research report on Thursday, April 14th. Oppenheimer lowered its target price on Cambium Networks to $23.00 from $28.00 in a report on Friday, May 6. Finally, JPMorgan Chase & Co. lowered its price target on Cambium Networks to $17.00 from $18.00 and gave the stock a “neutral” rating in a report on Thursday, July 14. One investment analyst has rated the stock with a sell rating, three with a hold rating, four with a buy rating and one with a strong buy rating. Based on data from MarketBeat.com, Cambium Networks currently has an average rating of Moderate Buy and a consensus price target of $36.56.

Institutional inflows and outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Cambium Networks by 30.0% during the first quarter. US Bancorp DE now owns 7,068 shares of the company, valued at $167,000, after purchasing an additional 1,629 shares during the period. Rhumbline Advisers increased its position in Cambium Networks by 31.6% during the first quarter. Rhumbline Advisers now owns 10,553 shares of the company, valued at $249,000, after purchasing an additional 2,532 shares last quarter. The Swiss National Bank increased its position in Cambium Networks by 10.0% in the first quarter. The Swiss National Bank now owns 22,100 shares of the company, worth $522,000, after buying another 2,000 shares last quarter. invesco ltd purchased a new stake in Cambium Networks stock valued at $742,000 during the first quarter. Finally, Worth Venture Partners LLC increased its stake in Cambium Networks by 116.3% in Q1. Worth Venture Partners LLC now owns 33,540 shares of the company’s stock valued at $793,000 after purchasing an additional 18,035 shares last quarter. Institutional investors own 88.03% of the company’s shares.

Corporate Profile of Cambium Networks

(received rating)

Cambium Networks Corporation, through its subsidiaries, provides wireless broadband network infrastructure products and solutions to commercial and government network operators. Its wireless fabric includes smart radios, smart antennas, radio frequency (RF) algorithms, wireless switches, and cloud-based network management software.

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Earnings History for Cambium Networks (NASDAQ:CMBM)



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