Cambium Networks (CMBM) Scheduled to Post Earnings on Thursday

Cambium Networks (NASDAQ:CMBM – Get Rating) will be releasing its earnings data after the market closes on Thursday, May 5th. Analysts expect Cambium Networks to post earnings of $0.08 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Cambium Networks (NASDAQ:CMBM – Get Rating) last released its earnings results on Thursday, February 17th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Cambium Networks had a return on equity of 38.12% and a net margin of 11.14%. The company had revenue of $78.71 million for the quarter, compared to analyst estimates of $76.13 million. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, analysts expect Cambium Networks to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CMBM opened at $15.28 on Thursday. Cambium Networks has a 12 month low of $14.81 and a 12 month high of $63.00. The stock has a market capitalization of $408.57 million, a price-to-earnings ratio of 11.66, a PEG ratio of 1.25 and a beta of 0.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.20 and a quick ratio of 1.79. The business has a fifty day moving average price of $22.59 and a 200 day moving average price of $25.14.

Several research analysts have recently issued reports on the company. JMP Securities lowered their price objective on Cambium Networks from $60.00 to $45.00 and set a “market outperform” rating for the company in a research report on Thursday, April 14th. JPMorgan Chase & Co. upped their price objective on Cambium Networks from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 22nd. Northland Securities lowered their price objective on Cambium Networks from $50.00 to $30.00 in a research report on Monday, April 18th. TheStreet cut Cambium Networks from a “c” rating to a “d+” rating in a research report on Friday, February 18th. Finally, The Goldman Sachs Group lowered their price objective on Cambium Networks from $47.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $38.44.

Several institutional investors have recently bought and sold shares of CMBM. BNP Paribas Arbitrage SA lifted its holdings in shares of Cambium Networks by 536.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,107 shares of the company’s stock valued at $76,000 after purchasing an additional 1,776 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Cambium Networks by 8.9% in the 4th quarter. Rhumbline Advisers now owns 8,021 shares of the company’s stock valued at $206,000 after purchasing an additional 658 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Cambium Networks by 15.8% in the 3rd quarter. American International Group Inc. now owns 5,819 shares of the company’s stock valued at $211,000 after purchasing an additional 796 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Cambium Networks by 120.8% in the 4th quarter. Citigroup Inc. now owns 14,182 shares of the company’s stock valued at $363,000 after purchasing an additional 7,759 shares during the last quarter. Finally, Barclays PLC raised its stake in Cambium Networks by 8.4% during the 4th quarter. Barclays PLC now owns 15,363 shares of the company’s stock valued at $394,000 after acquiring an additional 1,197 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

About Cambium Networks (Get Rating)

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

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